GEPL Capital is bullish on Granules India has recommended buy rating on the stock with a target price of Rs 134 in its research report dated December 09, 2016.
At CMP of Rs 112, GIL trades at 16.0x its FY17E EPS of Rs 7.0/- We believe, substantial product approval, greater traction in Auctus Portfolio & higher realization in Omnichem JV to boost GIL growth going ahead. Hence, we recommend BUY rating on a stock price with a target price of Rs 134/-, thus implying 20% upside from current level.
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