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Buy Strides Pharma Science, target Rs 520: Manas Jaiswal

Buy Strides Pharma Science Ltd. at a price target of Rs 520.0 and a stoploss at Rs 484 from entry point.

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Last Updated: Apr 05, 2019, 09.31 AM IST
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Manas Jaiswal of manasjaiswal.com has a buy call on Strides Pharma Science Ltd. with a target price of Rs 520. The current market price of Strides Pharma Science Ltd. is Rs 496.3 Time period given by the analyst is Intra Day when Strides Pharma Science Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 484. Strides Pharma Science Ltd., incorporated in 1990, is a midcap company with a market cap of Rs 4444.34 crore.
Strides Pharma Science Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 1270.91 Crore to Sales Value (86.47 % of Total Sales), Other Operating Revenue which contributed Rs 111.92 Crore to Sales Value (7.61 % of Total Sales), Sale of services which contributed Rs 36.46 Crore to Sales Value (2.48 % of Total Sales), Royalty Income which contributed Rs 26.92 Crore to Sales Value (1.83 % of Total Sales) and Export Incentives which contributed Rs 23.40 Crore to Sales Value (1.59 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 794.50 Crore, up 8.44 % from last quarter Sales of Rs 732.63 Crore and up 6.07 % from last year same quarter Sales of Rs 749.04 Crore Company has reported net profit after tax of Rs 303.39 Crore in latest quarter. The company’s top management includes Mr.Arun Kumar, Mr.Badree Komandur, Mr.Bharat D Shah, Mr.Deepak Vaidya, Mr.Homi Rustam Khusrokhan, Mr.S Sridhar, Ms.Sangita Reddy. Company has BSR & Co. LLP as its auditoRs As on 31-12-2018, the company has a total of 89,549,476 shares outstanding.

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