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Buy Gland Pharma: target of Rs 3770: Sharekhan

Sharekhan is bullish on Gland Pharma has recommended buy rating on the stock with a target price of Rs 3770 in its research report dated May 20, 2022.

May 21, 2022 / 08:30 PM IST
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Sharekhan's research report on Gland Pharma

Gland reported healthy results for Q4FY22 with the revenues staging a strong double digit growth while PAT staged a 9.8% yoy growth. Gland has lined up a strong new launch pipeline in the us markets comprising 20-25 new launches over the next three quarters offering addressable market size of $3bn. Gland has repurposed its Vaccine manufacturing facility to a biosimilar CDMO and is awaiting customer visits over the near to medium term.


We maintain Buy on the stock of Gland Pharma with a revised PT of Rs 3770. Strong domain expertise and growth prospects, sturdy earnings track record, and strong financials are key positives for Gland.


For all recommendations report, click here

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first published: May 21, 2022 08:30 pm
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