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Buy Strides Pharma Science; target of Rs 1020: Sharekhan

Sharekhan is bullish on Strides Pharma Science has recommended buy rating on the stock with a target price of Rs 1020 in its research report dated February 04, 2021.

February 09, 2021 / 10:33 PM IST


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Sharekhan's research report on Strides Pharma Science

Q3FY2021 was a weak quarter for Strides on the back of weak flu season, & price erosion in US markets and one off expenses. The results missed estimates. Healthy growth in the base business and strong product launch pipeline provides ample visibility for growth of the US business. Growth prospects in other regulated markets are also likely to get better, led by new product launches, increased market share, and portfolio optimization efforts. Strong growth prospects and earnings visibility, improving balance sheet strength, and healthy return ratios would support multiple re-ratings.


We retain Buy recommendation on Strides Pharma Sciences (Strides) with a revised PT of Rs 1,020.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

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first published: Feb 9, 2021 10:33 pm

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