Buy Lupin; target of Rs 1760: ICICI Direct
ICICI Direct is bullish on Lupin has recommended buy rating on the stock with a target price of Rs 1760 in its research report dated February 10, 2017.
ICICI Direct's research report on Lupin
India and Japan are likely to complement the US driven growth. However, due to multiple overhangs in the US for generic players we have reduced our multiple to 21x from 22x earlier. Accordingly, our new target price is Rs 1760 based on FY19E EPS of Rs 63.8.
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