Buy Eris Lifesciences, target price Rs 1100: Prabhudas Lilladher
Eris Lifesciences with a target price of Rs 1100. The current market price of Eris Lifesciences Ltd. is Rs 901.6.
Eris Lifesciences Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 12347.29 Crore) operating in Pharmaceuticals sector.
Eris Lifesciences Ltd. key Products/Revenue Segments include Pharmaceuticals and Other Operating Revenue for the year ending 31-Mar-2023.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 566.07 Crore, up 15.41 % from last quarter Total Income of Rs 490.49 Crore and up 40.19 % from last year same quarter Total Income of Rs 403.80 Crore. Company reported net profit after tax of Rs 79.63 Crore in latest quarter.
Promoter/FII Holdings Promoters held 54.9 per cent stake in the company as of 31-Mar-2024, while FIIs owned 14.27 per cent, DIIs 15.62 per cent.
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