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Last Updated : Dec 20, 2018 03:21 PM IST | Source: Moneycontrol.com

Take Solutions gains 7% after Axis Securities initiates buy with target Rs 136

Axis Securities expect company's revenue and net profit to grow at a CAGR of 23 percent and 30 percent over FY18-21.

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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.

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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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First Published on Dec 20, 2018 09:43 am
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