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Buy Cadila Healthcare: Target Of Rs 530: Sharekhan

Sharekhan is bullish on Cadila Healthcare recommended buy rating on the stock with a target price of Rs 530 in its research report dated November 03, 2020.

Nov 5, 2020 / 05:07 PM IST
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Sharekhan's research repor on Cadila Healthcare

Cadila Healthcare Limited (Cadila) reported strong results for the quarter with numbers ahead of estimates. Solid presence in the chronic and sub-chronic segments (which are the key growth drivers for Indian pharmaceutical markets) and an improving outlook for the acute segment provide ample growth visibility for India business. Easing pricing pressures, sturdy new product pipeline, and ramp up in the recent product launches would be key growth drivers going ahead for the US business. Strong growth prospects, sturdy balance sheet, and healthy return ratios would support multiple re-ratings.


We retain our Buy recommendation on the stock with a revised PT of Rs. 530.

For all recommendations report, click here

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Broker Research
first published: Nov 5, 2020 05:07 pm

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