Top Stocks Today : IIFL Securities has Buy call on Piramal Pharma - April 01

IIFL Securities has issued a buy recommendation for Piramal Pharma, setting a target price of Rs 133, representing an upside potential of around 3.4%. The current market price of Piramal Pharma stands at Rs 128.6. This recommendation is based on the company's strong product portfolio, consistent financial performance, and favorable industry dynamics. The company's focus on niche therapeutic areas, such as critical care and anesthesia, is expected to drive growth in the coming quarters.

About Piramal Pharma:

Piramal Pharma Limited (PPL), a wholly-owned subsidiary of Piramal Enterprises Limited, is a leading global pharmaceutical company that provides a wide range of healthcare solutions. It is listed on the National Stock Exchange (NSE) of India. PPL has a global footprint with a presence in over 100 countries and a portfolio of products spanning generics, complex hospital generics, and inhalation and consumer products. The company has a strong presence in India, North America, and Europe, and is focused on expanding its reach in emerging markets. PPL is committed to providing high-quality, affordable medicines to patients around the world.

52 Week Price Trend:

Piramal Pharma (NSE: PPLPHARMA) has been experiencing a volatile trading pattern in the past year, with its CMP (current market price) at Rs 128.6, substantially below its 52-week high of Rs 149. However, this represents a significant gain compared to its 52-week low of Rs 61.62. The wide range between the high and low prices indicates market uncertainty and potential for both gains and losses. Investors should carefully consider the company's fundamentals, financial performance, and market outlook before making investment decisions.

Stratzy's MOST Analysis:

PPLPHARMA has been rated BB- by Stratzy's MOST framework, which assesses stocks based on Management, Outlook, Safety, and Trend. This rating indicates that the company has medium fundamental risks. Specifically, the company's management team has a good track record, the outlook for the industry is positive, the company's financial position is sound, and the stock price has been trending upwards. Investors should be aware of the risks associated with investing in PPLPHARMA, but the company's overall fundamentals are solid.

Fundamental and Technical information provided in this blog were last updated on 30 Mar, 2024

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