Claris Lifesciences Ltd.
Code: 533288.
CMP:Rs.143.35
Claris Lifesciences Ltd. (CLL) is one of the largest sterile injectables pharmaceutical companies in India.It was incorporated in 1994 and is headquartered in Ahmedabad.CLL has an equity base of Rs.63.82 crore that is supported by huge reserves of around Rs.757.84 crore. The promoters hold 69%. At the current level, the stock is available at a P/E multiple of 13.70. It declared 20% dividend for Cy11.
Investors can buy this stock with stop loss of Rs.135.On the upper side, the stock will zoom to Rs.175 level in the short term and up to Rs.200+ levels in the medium term.
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