Stocks

Granules India stocks: Buy Granules India, target price Rs 510: Yes Securities

Yes Securities has buy call on Granules India with a target price of Rs 510. The current market price of . is Rs 368.9.

Granules India Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 9165.73 Crore) operating in Pharmaceuticals sector.

Ltd. key Products/Revenue Segments include Pharmaceuticals and Other Operating Revenue for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 1155.52 Crore, up 12.82 % from last quarter Total Income of Rs 1024.22 Crore and up 29.44 % from last year same quarter Total Income of Rs 892.68 Crore. Company reported net profit after tax of Rs 145.10 Crore in latest quarter.

Investment Rationale
Double top buys, bullish turtle breakouts and sustenance above 10-column average on P&F chart.



Promoter/FII Holdings
Promoters held 41.93 per cent stake in the company as of 30-Sep-2022, while FIIs owned 23.13 per cent, DIIs 4.32 per cent.

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