Buy Sun Pharmaceutical Industries; target of Rs 700: Sharekhan
Sharekhan is bullish on Sun Pharmaceutical Industries has recommended buy rating on the stock with a target price of Rs 700 in its research report dated January 29, 2021.
February 09, 2021 / 10:53 PM IST
Sharekhan's research report on Sun Pharmaceutical Industries
Sun Pharma reported strong performance for Q3FY2021 with higher-than-expected earnings performance. Sun Pharma’s key geographies, US and India, are witnessing improved traction. Strong growth in chronic therapies, likely improvement in acute therapies & healthy product pipeline to drive India business. Pick up specialty business, new product launch pipeline to fuel US business growth. Improved growth prospects, healthy balance sheet, and improving return ratios would be key positives.
We retain Buy recommendation on Sun Pharmaceutical Industries (Sun Pharma) with a revised PT of Rs 700.
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