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    Buy Jubilant Pharmova, target price Rs 475: Anand Rathi

    Synopsis

    Jubilant Pharmova, incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 6501.86 Crore) operating in Pharmaceuticals sector.

    BuyGetty Images
    Promoters held 50.68 per cent stake in the company as of 30-Sep-2022, while FIIs owned 23.47 per cent, DIIs 1.6 per cent.
    Anand Rathi has buy call on Jubilant Pharmova with a target price of Rs 475. The current market price of Jubilant Pharmova is Rs 418.25. Anand Rathi recommended to keep stop loss at Rs 365.

    Jubilant Pharmova, incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 6501.86 Crore) operating in Pharmaceuticals sector.

    Jubilant Pharmova key Products/Revenue Segments include Organic Chemicals, Other Operating Revenue and Sale of services for the year ending 31-Mar-2021.

    Financials
    For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 1612.60 Crore, up 10.22 % from last quarter Total Income of Rs 1463.03 Crore and down -2.97 % from last year same quarter Total Income of Rs 1661.90 Crore. Company has reported net profit after tax of Rs 7.58 Crore in latest quarter.

    The company’s top management includes Mr.Shyam S Bhartia, Dr.Ashok Misra, Ms.Sudha Pillai, Mr.Sushil Kumar Roongta, Mr.Vivek Mehra, Mr.Arjun Shanker Bhartia, Mr.Priyavrat Bhartia, Mr.Arun Seth, Mr.Arvind Chokhany, Mr.R Kumar, Mr.Hari S Bhartia, Mr.S Sridhar. Company has B S R & Co. LLP as its auditors. As on 30-09-2022, the company has a total of 16 Crore shares outstanding.

    Investment Rationale
    The stock has confirmed a range breakout above 404 mark. The price action in the stock is accompanied with rise in volumes which suggests a genuine breakout. The stock has also managed to sustain above its 200 DMA which suggests change of trend.

    Promoter/FII Holdings
    Promoters held 50.68 per cent stake in the company as of 30-Sep-2022, while FIIs owned 23.47 per cent, DIIs 1.6 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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