HomeNewsBusinessMarketsBuy Mah Satyam, Dr Reddy's; sell SKS, BPCL: Brokerages

Buy Mah Satyam, Dr Reddy's; sell SKS, BPCL: Brokerages

Bank of America Merrill Lynch maintains a 'buy' on Dr Reddy's, but has cut the price target to Rs 1,860. EPS estimates have been trimmed due to transition to IFRS financials, the Mexico facility import alert, and moderation of domestic formulations growth to 17% from 20%.

Bank of America Merrill Lynch maintains a

first published: Jul 8, 2011 08:14 am

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Buy Mah Satyam, Dr Reddy's; sell SKS, BPCL: Brokerages

Bank of America Merrill Lynch maintains a 'buy' on Dr Reddy's, but has cut the price target to Rs 1,860. EPS estimates have been trimmed due to transition to IFRS financials, the Mexico facility import alert, and moderation of domestic formulations growth to 17% from 20%.

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