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Buy Jubilant Pharmova; target of Rs 850: ICICI Direct

ICICI Direct is bullish on Jubilant Pharmova has recommended buy rating on the stock with a target price of Rs 850 in its research report dated July 24, 2021.

July 28, 2021 / 09:43 AM IST
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ICICI Direct's research report on Jubilant Pharmova


Jubilant Pharmova is engaged in specialty pharmaceuticals, CDMO, generics, drug discovery and proprietary novel drug businesses. Formulations - 24% of FY21 revenues, Radiopharma and allergy therapy – 38%, and CDMO & API – 33% of sales It has six USFDA approved manufacturing facilities in India, US and Canada


Outlook


Despite regulatory concerns, we remain positive and retain our BUY rating on the stock  We value Jubilant at Rs 850 i.e. 10x P/E on FY23E EPS


For all recommendations report, click here


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first published: Jul 28, 2021 09:43 am

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