has buy call on with a target price of Rs 398. The current market price of Indoco Remedies Ltd. is Rs 361.75.
Indoco Remedies Ltd., incorporated in the year 1947, is a Small Cap company (having a market cap of Rs 3337.23 Crore) operating in Pharmaceuticals sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 332.65 Crore, up 1.18 % from last quarter Total Income of Rs 328.76 Crore and up 14.68 % from last year same quarter Total Income of Rs 290.07 Crore. Company reported net profit after tax of Rs 25.36 Crore in latest quarter.
Investment Rationale
Breakout from bullish cup and handle pattern with volumes 5 times one month average and RSI in buy mode
