Ranbaxy an outperformer, tgt Rs 560: P Lilladher

39817 Investors following Ranbaxy Labs. Share this News with them.

0

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

Ranbaxy an outperformer, tgt Rs 560: P Lilladher

Prabhudas Lilladher has maintained outperformer rating on Ranbaxy Laboratories with target price of Rs 560. The company currently has eight molecules in different stages of development.

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Ankur Drugs, target of Rs 389: Prabhudas Lilladher ACC an underperformer: Prabhudas Lilladher Buy Puravankara, tgt Rs 360: Karvy Buy Pennar Industries, target of Rs 41: Karvy Buy Hindustan Zinc, target of Rs 830: Karvy Ranbaxy Labs BSE | NSE 28/05/12 Are Mutual Funds betting on Ranbaxy Labs?

Prabhudas Lilladher has maintained outperformer rating on Ranbaxy Laboratories with target price of Rs 560 in its April 15, 2008 report. "RLL has announced the demerger of its R&D relating to Drug Delivery Research (DDR) for enhancing shareholder value. The company currently has eight molecules in different stages of development. This would result in reduction of R&D cost by over Rs 1.0 billion for RLL and hence will improve profitability."

" We expect the company to report EPS of Rs 20.5, Rs 32.0 and Rs 42.9 for CY08, CY09 and CY10 respectively, including FTF opportunities. The stock currently trades at 21.6x, 13.9x and 10.4x based on CY08E, CY09E and CY10E earnings. We rate RLL an Outperformer with a price target of Rs 566, a 27% upside over CMP. A detailed report will follow in due course." says Prabhudas Lilladher 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.......