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Hold Alembic Pharma: target of Rs 885: ICICI Direct

ICICI Direct recommended hold rating on Alembic Pharma with a target price of Rs 885 in its research report dated July 27, 2021.

July 29, 2021 / 01:45 PM IST
 
 
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ICICI Direct's research report on Alembic Pharma


Alembic Pharma operates in international generics (54%), domestic branded (28%) and API (18%).Exports contribute 69% of sales (US~74%), domestic contributes 31% of sales (Chronic~69% & Acute~31%) It has filed 212 ANDA and has 146 approvals with 94 product launches


Outlook 


We maintain our HOLD rating on the stock  We value Alembic at Rs 885 i.e. 20x P/E on FY23E EPS


For all recommendations report, click here

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first published: Jul 29, 2021 01:45 pm
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