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Buy Aurobindo Pharma; target of Rs 915: Sharekhan

Sharekhan is bullish on Aurobindo Pharma has recommended buy rating on the stock with a target price of Rs 915 in its research report dated August 13, 2021.

August 23, 2021 / 13:25 IST
     
     
    26 Aug, 2025 12:21
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    Sharekhan's research report on Aurobindo Pharma

    Aurobindo Pharma (Aurobindo) reported a weak performance for Q1FY22 and the results missed estimates. Multiple headwinds like higher price erosion and inventory built up across channels have emerged for the US business and the same is expected to sustain at-least in the near term. Over the long term, efforts to build presence in specialty segments - biosimilars, oncology & injectables could be the growth drivers, but near term headwinds in US business are expected to slow down the growth. .

    Outlook

    At CMP, the stock is trading P/E of 12.4x and 10.8x its FY22E and FY23E EPS, which is attractive. we retain our Buy recommendation with revised PT of Rs. 915

    For all recommendations report, click here

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    Broker Research
    first published: Aug 23, 2021 01:25 pm

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