Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessStocksBuy Aurobindo Pharma; target of Rs 1000: Religare

    Buy Aurobindo Pharma; target of Rs 1000: Religare

    Religare is bullish on Aurobindo Pharma has recommended buy rating on the stock with a target price of Rs 1000 in its research report dated August 24, 2016.

    August 26, 2016 / 15:53 IST

    Religare's research report on Aurobindo Pharma

    ARBP sustained its growth momentum for yet another quarter, posting strong and in-line EBITDA growth of 23% YoY. The US business saw sequential growth of US$ 10mn, which should continue trending up with impending launches ahead (19 products approved, but not launched). The company is on track to deliver a 21% EPS CAGR over FY16-FY18E led by the US business and a turnaround in the EU business. We remain positive on ARBP and maintain BUY with a Mar’17 TP of Rs 1,000. For all recommendations, click hereDisclaimer: 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.

    Read More Read More

    first published: Aug 26, 2016 03:53 pm

    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!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347