Alkem Laboratories share price: Buy Alkem Laboratories, target price Rs 3920: Kotak Securities

Kotak Securities has buy call on with a target price of Rs 3920. The current market price of Alkem Laboratories Ltd. is Rs 3801.75. Time period given by analyst is Intra Day when Alkem Laboratories Ltd. price can reach defined target.

Alkem Laboratories Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 45461.00 Crore) operating in Pharmaceuticals sector.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2778.01 Crore, up 24.10 % from last quarter Total Income of Rs 2238.44 Crore and up 35.71 % from last year same quarter Total Income of Rs 2046.99 Crore. Company reported net profit after tax of Rs 480.23 Crore in latest quarter.


Investment Rationale
Strong uptrend forming a higher top and higher bottom chart pattern along with rising volumes.


Promoter/FII Holdings
Promoters held 58.8 per cent stake in the company as of June 30, 2021, while FIIs held 4.5 per cent, DIIs 14.5 per cent and public & others 22.2 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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