Buy Nectar Lifesciences, target of Rs 503: Religare

Religare Research has recommended a buy rating on Nectar Lifesciences with a target price Rs 503. Nectar is trading at 4.9x FY09E FDEPS of Rs 55.8 and 3.4x FY10E FDEPS of Rs 81.1.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney SME Special
moneycontrol.com

Home » News » Recommendations

Jul 18, 2008, 02.16 PM | Source: Moneycontrol.com

Buy Nectar Lifesciences, target of Rs 503: Religare

Religare Research has recommended a buy rating on Nectar Lifesciences with a target price Rs 503. Nectar is trading at 4.9x FY09E FDEPS of Rs 55.8 and 3.4x FY10E FDEPS of Rs 81.1.

Like this story, share it with millions of investors on M3

Buy Nectar Lifesciences, target of Rs 503: Religare

Religare Research has recommended a buy rating on Nectar Lifesciences with a target price Rs 503. Nectar is trading at 4.9x FY09E FDEPS of Rs 55.8 and 3.4x FY10E FDEPS of Rs 81.1.

Post Your Comments

Share Cancel

Religare Research has recommended a buy rating on Nectar Lifesciences with a target price Rs 503 in its July 17, 2008 research report. "Amongst the fastest growing Indian pharma companies with a revenue and PAT CAGR of 40% and 52% respectively over FY04–FY08, achieved purely through organic means. Strong presence in the third and fourth generation cephalosporin space and in phytochemicals. Venture into gelatine capsule manufacture and CRAMS to de-risk the business model."

"Nectar is trading at 4.9x FY09E FDEPS of Rs 55.8 and 3.4x FY10E FDEPS of Rs 81.1. Based on its strong growth prospects, leadership in key verticals and transitioning up the high margin value chain, we value the company at 6x FY10E earnings and recommend a Buy with a target price Rs 503," says Religare's research report.

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

For further details click on attachment......

To read the full report click here

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Buy Nectar Lifesciences, target of Rs 503: Religare
New Member
1 Follower

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login