SMC Global Securities
Aurobindo Pharma manufactures generic pharmaceuticals and active pharmaceuticals ingredients. The company continues to invest in enhancing specialty and complex generic pipeline for a sustainable growth. A diversified portfolio with limited product concentration risk is expected to help the company deal with price erosion challenges in the US.
All the key market continues to do well and has shown a healthy growth trend. It is expected that the stock will see a target price of Rs 792 in 8-10 months timeframe on a one-year average P/E of 16.77x and FY19 (E) earnings of Rs 47.20.
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