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Buy Cadila Healthcare: target of Rs 720: Sharekhan

Sharekhan is bullish on Cadila Healthcare has recommended buy rating on the stock with a target price of Rs 720 in its research report dated May 27, 2021.

June 10, 2021 / 11:37 AM IST
 
 
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Sharekhan's research report on Cadila Healthcare


Cadila Healthcare’s (Cadila) Q4FY2021 numbers were healthy and earnings beat estimates, due to a tax credit and an adjustment for a one-time impairment expenses. Cadila is in a sweet spot, wherein both its geographies, India and the US have an improved growth outlook. Efforts to build a portfolio of Covid drugs including Vaccines augurs well from a growth perspective.


Outlook


We retain our Buy recommendation on the stock with unchanged PT of Rs. 720


For all recommendations report, click here


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Broker Research
first published: May 31, 2021 01:39 pm

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