Shares of Take Solutions added 7 percent in the early trade on Thursday as Axis Securities has initiated buy with target price of Rs 136 per share.
Axis Securities believes that there is a large addressable market as global life sciences R&D expenditure is growing and huge gamut of opportunity is lying in clinical business.
There is focus on expansion with organic as well as inorganic growth to propel growth.
It expect company's revenue and net profit to grow at a CAGR of 23 percent and 30 percent over FY18-21.
At 09:34 hrs Take Solutions was quoting at Rs 144.75, up Rs 6.85, or 4.97 percent on the BSE.
The share touched its 52-week high Rs 308.30 and 52-week low Rs 127.65 on 15 June, 2018 and 03 December, 2018, respectively.
Currently, it is trading 53 percent below its 52-week high and 13.51 percent above its 52-week low.
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