New Delhi: IIFL Securities gave a BUY call on 2 medical sector related stocks. The brokerage suggested buying stocks of hospital chain operator Apollo Hospitals as well as pharmaceutical company J B Chemicals and Pharma. IIFL Securities has given the share price target with a long term view of 3366 days on the two stocks. Check their target price as well as share price history here.
Apollo Hospitals share price target
IIFL Securities gave a BUY call on hospital chain operator Apollo Hospitals with a 366-day view. The company gave a range of Rs 7,480-7,520 per share. The share price target for Apollo Hospitals has been pegged at Rs 8,350 apiece, according to the brokerage.
Apollo Hospitals’ share price stood at RS 7,410 apiece in Friday, down 0.20 per cent. The company’s share price rose 6.19 per cent in the past 5 days and 7.01 per cent in the past month. Apollo Hospitals’ share price was up 26.74 per cent in the past 6 months and 44.98 per cent in the past year.
The company’s Q2 net profit was up 63 per cent Rs 379 crore from Rs 233 crore in the year ago period. Revenue from operations rose 15 per cent to Rs 5,589 crore, while earnings before interest, taxes, depreciation, and amortisation were up 30 per cent to Rs 816 crore.
J B Chemicals and Pharma share price target
IIFL Securities gave a BUY call on J B Chemicals and Pharma with a share price target of Rs 2,285 apiece over a 366 days window. The company’s price range is Rs 1,815-1,845 apiece, according to the brokerage. J B Chemicals’ share price was down 1.04 per cent to Rs 1,840.50 apiece on Friday. It was down 1.04 per cent over the past 5 days, but up 4.81 per cent in the past month. The company’s share price was up 2.34 per cent in the past 6 months. J B Chemicals’ share price jumped over 25 per cent in the past year, according to exchange data.
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IIFL Securities gave a BUY call on the stocks of Apollo Hospitals and JB Chemicals and Pharma. Check share price target. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
