Sharekhan's research report on Shilpa Medicare
SML reported weak performance for Q3FY2021 with results missing estimates. However, SML’s growth prospects are healthy and performance is expected to improve. The Erosion in the US business due to receipt of the warning letter is likely to be offset by growth in other geographies, new product pipeline. SML’s strategy of building a high-value oncology pipeline for regulated markets and foray into biosimilars/biologics, coupled with focus to pursue opportunities in CDMO & Vaccines space would play out well and support growth.
Outlook
We retain our Buy recommendation on Shilpa Medicare Limited (SML) with a revised PT of Rs. 520.
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
