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    HomeNewsBusinessStocksBuy Divis Laboratories; target of Rs 1400: Religare

    Buy Divis Laboratories; target of Rs 1400: Religare

    Religare is bullish on Divis Laboratories has recommended buy rating on the stock with a target price of Rs 1400 in its research report dated December 07, 2016.

    December 09, 2016 / 15:17 IST
       
       
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      Religare's research report on Divis Laboratories

      DIVI has announced in a press release that its Unit-II at Vishakhapatnam (Vizag) has received five observations from the USFDA in a recently concluded inspection (from 29 Nov to 6 Dec). This was a scheduled visit, with the facility’s last inspection in Feb’16 leading to no observations.

      ValuationWe currently have a BUY rating on the stock with a Sep’17 TP of Rs 1,400. We await details on the nature of the observations and will accordingly review our rating and price target.
      For all recommendations, click here Disclaimer: 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.

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      first published: Dec 9, 2016 03:17 pm

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