Buy now! Experts say 8 stocks to see 22-130% Q1 profit growth

Sat, Jul 06, 2013 at 16:12

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Indoco Remedies

Q1FY14 Profit (estimates):  Rs 14.4 crore

YoY jump (estimates): 39.1%

Target: Rs 78

Rating: BUY

Rationale: Indoco Remedies is expected to report a top-line growth of 20.8% to Rs 183cr.The OPM is expected to expand by 10bp YoY to 13.8%. As a result, the net profit is expected to increase by 39.1% YoY to Rs 14.4 crore.

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