Aug 09, 2017 04:15 PM IST | Source:

Buy Lupin; target of Rs 1650: HDFC Securities

HDFC Securities is bullish on Lupin has recommended Buy rating on the stock with a target price of Rs 1650 in its research report dated August 04, 2017

Buy Lupin; target of Rs 1650: HDFC Securities

HDFC Securities' research report on Lupin

Post a disappointing 1QFY18, Lupin’s (LPC) management has guided for a flat-to-low single-digit decline in the top-line in FY18, and revised EBITDA margin guidance down to 21-23% from 24-26%. However, they are also confident that the worst is now behind them, with the US business likely to resume a sequential upward trajectory from 2HFY18.


It is the only company amongst its Indian peers to have successfully ventured into all sizable complex generic markets. Maintain BUY rating with a revised TP of Rs. 1,650 (22x Jun19E).

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Follow us on
Available On