Sun Pharma Advanced Research Company share price: Buy Sun Pharma Advanced Research Company, target price Rs 345: Yes

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Yes Securities has a call to buy on Sun Pharma Advanced Research Company with a target price of Rs 345. The current market price of Sun Pharma Advanced Research Company Ltd. is Rs 321.3. The time period given by the analyst is Intra Day when the price of Sun Pharma Advanced Research Company Ltd. can achieve the set goal.

Sun Pharma Advanced Research Company Ltd., incorporated in 2006, is a mid-cap company (having a market capitalization of Rs 8462.08 Crore) operating in the pharmaceutical sector.

Major products/revenue segments of Sun Pharma Advanced Research Company Ltd. include the sale of services for the year ending March 31, 2021.

finance

For the quarter ended 30-09-2021, the company reported total standalone revenue of Rs 33.85 Crore, up 48.53% from last quarter, total revenue of Rs 22.79 Crore and in up 65.44% from the same quarter last year, total revenue of Rs 20.46 Crore. The company reported net profit after tax of Rs -55.14 Crore last quarter.

Investment rationale
The stock is about to break out of a bull flag pattern suggesting a accumulating bull. A sustained trade above Rs 334 will take it to levels of Rs 345. RSI also suggests the same.

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