Ajanta Pharma Share Price Target: Shares of Ajanta Pharma traded on a fresh 52-week high as benchmark indices clocked solid gains on Friday. While Sensex surged 470.92 points to 75,082.03 in early trade, Nifty climbed 139.5 points to hit a record peak of 22,787.70.

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The counter opened at Rs 2488.85 and touched the day's high of Rs 2531.19 - a new 52-week high. This is a 13.3 per cent gain from the last trading price of Rs 2233.10 on the BSE. Last seen, the scrip was trading at Rs 2,470.20. The shares of Ajanta Pharma have a 52-week low of Rs 1,240.55.

Ajanta Pharma Share Price History

The shares of Ajanta Pharma, which has a market cap of Rs 31,087 crore, have given a positive return of around 92 per cent in one year. The counter has given a return of 105.75 per cent in the last two years. 

Ajanta Pharma Share Price: Anil Singhvi's View

According to Zee Business Managing Editor Anil Singhvi, the company has reported a strong rise of 66 per cent in profit after tax and around 20 per cent YoY growth in revenue from operations. "I won't be surprised if this share jumps around 8-10 per cent today," he said. 

Also, the board of Ajanta Pharma has approved the buyback of up to 10,28,881 fully paid-up shares through a tender offer at a price of Rs 2,770 — a premium of 24 per cent against Thursday’s closing price of Rs 2,233. 

The board has fixed May 30 as the record date to determine the entitlement and names of shareholders, who will be entitled to participate in the proposed offer for buyback. 

Ajanta Pharma Share Price Target and Stop Loss

Buy Ajanta Pharma:

Stop Loss - Rs 2,200 

Targets - Rs 2,325, 2,385 and 2,450