HDFC Securities is bullish on Lupin has recommended Buy rating on the stock with a target price of Rs 1650 in its research report dated August 04, 2017
HDFC Securities' research report on Lupin
Post a disappointing 1QFY18, Lupin’s (LPC) management has guided for a flat-to-low single-digit decline in the top-line in FY18, and revised EBITDA margin guidance down to 21-23% from 24-26%. However, they are also confident that the worst is now behind them, with the US business likely to resume a sequential upward trajectory from 2HFY18.
It is the only company amongst its Indian peers to have successfully ventured into all sizable complex generic markets. Maintain BUY rating with a revised TP of Rs. 1,650 (22x Jun19E).
For all recommendations report, 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.The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .