Buy Wyeth: Parag Parikh

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Buy Wyeth: Parag Parikh

Parag Parikh Financial Advisory Services has maintained its buy rating on Wyeth. Reported PAT stood at Rs 207.9 million. as against Rs 175.4 million in Q3FY08, registering a growth of 18.5% Y-o-Y.

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Parag Parikh Financial Advisory Services has maintained its buy rating on Wyeth in its January 29, 2009 research report. "Net Revenues stood at Rs 940.4 million for Q3FY09, an increase of 11.5% over Q3FY08. Reported PAT stood at Rs 207.9 million. as against Rs 175.4 million in Q3FY08, registering a growth of 18.5% Y-o-Y. We still remain positive about Wyeth's future prospects & expect the company to grow in line with the overall industry. Besides, healthy free cash flows that the company generates & reasonable dividend yields are addition to the defensive nature of the stock. Maintain BUY," says Parag Parikh Financial Advisory Services' research report.

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