Sun Pharma Advanced Research Company share price: Buy Sun Pharma Advanced Research Company, target price Rs 370: Axis Securities

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Axis Securities has a call to buy on Sun Pharma Advanced Research Company with a target price of Rs 370. The current market price of Sun Pharma Advanced Research Company is Rs 316.15. The period given by the analyst is 4 weeks 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 8293.47 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 daily and weekly RSI strength indicator is in bullish mode with a positive crossover supporting the growing strength.

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