Natco Pharma share price: Hold Natco Pharma, target price Rs 885: ICICI Direct

ICICI Direct has hold call on Natco Pharma with a target price of Rs 885. The current market price of Natco Pharma Ltd. is Rs 902.25.

Natco Pharma Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 16432.30 Crore) operating in Pharmaceuticals sector.

For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 802.20 Crore, up 42.39 % from last quarter Sales of Rs 563.40 Crore and up 65.16 % from last year same quarter Sales of Rs 485.70 Crore Company reported net profit after tax of Rs 203.90 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 48.9 per cent stake in the company as of June 30, 2020, while FIIs held 24.4 per cent, DIIs 8.9 per cent and public and others 17.8 per cent.

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