Centrum is bullish on Lupin has recommended buy rating on the stock with a target price of Rs 1880 in its research report dated February 09, 2017.
Centrum's research report on Lupin
We maintain our Buy rating on Lupin Ltd with a TP of Rs 1,880 (earlier Rs 1,810), based on 23x March’19 EPS of Rs81.9. Lupin’s Q3FY17 revenues and margin were higher than our estimates but net profit missed expectations. Lupin reported revenue growth of 26% YoY, 330bps improvement in margin to 27.1%, and 21% growth in net profit.
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