Buy Sun Pharma, target Rs 450: CK Narayan
Buy Sun Pharmaceutical Industries Ltd. at a price target of Rs 450.0 and a stoploss at Rs 433 from entry point.
Sun Pharmaceutical Industries Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 9783.29 Crore to Sales Value (94.95 % of Total Sales) and Other Operating Revenue which contributed Rs 519.92 Crore to Sales Value (5.04 % of Total Sales)for the year ending 31-Mar-2019.
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 7949.19 Crore, down -3.75 % from last quarter Sales of Rs 8259.30 Crore and up 16.11 % from last year same quarter Sales of Rs 6846.48 Crore Company has reported net profit after tax of Rs 1167.35 Crore in latest quarter. The company’s top management includes Mr.Dilip S Shanghvi, Mr.Gautam Doshi, Mr.Israel Makov, Mr.Kalyanasundaram Subramanian, Mr.Sailesh T Desai, Mr.Sudhir V Valia, Mr.Vivek Chaand Sehgal, Ms.Rekha Sethi. Company has S R B C & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 2,399,334,970 shares outstanding.