Ajanta Pharma is going to give bonus shares to its investors. The company will give bonus shares to the investors in the ratio of 1:2. However, if we talk about the stock performance of Ajanta Pharma, the company’s shares have fallen by about 24 per cent so far this year. The company’s shares have fallen from the level of Rs 2216.75 to Rs 1,687.85. However, market experts are now bullish on the company’s shares. He believes that there has been a sharp jump in the shares of the company.
Shares can reach Rs 2350 with a jump of more than 40%
Domestic brokerage house Yes Securities believes that Ajanta Pharma shares have come out of the consolidation phase and will see a sharp jump. The brokerage house says that the shares of the company can go up to Rs 2,350. That is, from the current share price, the shares of Ajanta Pharma can jump by about 42 percent. Ajanta Pharma shares closed at Rs 1,683.15 on the Bombay Stock Exchange on Wednesday, May 11, 2022.
Also read- Share of this company climbed 60% in a month, Dolly Khanna has bought 10 lakh shares
The company’s shares gave a return of more than 14,000%
Yes Securities has said in its research report that Ajanta Pharma has given guidance of 75% gross margin in FY 2023. At the same time, the company’s margin is expected to be similar to FY22. Ajanta Pharma shares stood at Rs 11.51 on the Bombay Stock Exchange on May 11, 2007. The company’s shares closed at Rs 1,687.85 on BSE on May 11, 2022. If a person had invested Rs 1 lakh in the shares of the company on May 11, 2007, then at present this money would have been Rs 1.46 crore.
Also read- Your money can be more than double in this stock, experts are bullish