Limited Period Offer:Be a PRO for 1 month @Rs49/-Multiple payment options available. Know More
you are here: HomeNewsBusiness

Buy Granules India; target of Rs 475: Sharekhan

Sharekhan is bullish on Granules India has recommended buy rating on the stock with a target price of Rs 475 in its research report dated January 28, 2021.

January 29, 2021 / 07:13 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on Granules India


Q3FY2021 was a mixed quarter with revenues at Rs. 845 crore, up by 20% y-o-y, while the PAT at Rs 146 crore, versus Rs. 96 crore in Q3FY2020. Tapping new geographies, strong product pipeline, growth in existing core molecules & capacity expansion would drive sales growth. Favourable mix, benefits of operating leverage accruing would lift OPM. Better growth prospects, strong earnings visibility, a sturdy balance sheet and healthy return ratios augur well for growth.


Outlook


We maintain a Buy on the stock of Granules with an unchanged PT of Rs. 475.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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.

Broker Research
first published: Jan 29, 2021 07:13 pm

stay updated

Get Daily News on your Browser
Sections