Brokerage: Kotak Sec | Rating: Sell | Target: Cut to Rs 180
Kotak Securities expects 3-6% dilution In the firm’s earnings after stake purchase in Gujarat Gas. It said that it was apprehensive about its commitments on cross-country pipelines and new LNG Terminals.
Brokerage: CLSA | Rating: Buy | Target: Rs 255
CLSA said that the stock is building in possible tariff cut and worst case on deal priced in. GSPL-Guj Gas Transaction Implies A Value Leakage Of Rs 12/share, it said, adding that the stock has more than baked in the value leakage.
Brokerage: HSBC | Rating: Buy | Target: Rs 680
HSBC said that Goa plant observations are mostly procedural in nature and that it can successfully close them in 1-2 quarters. Further, it said that the company has a better record in terms of maintaining CGMP compliance.
Brokerage: Kotak | Rating: Buy | Target: Rs 720
Kotak believes that Goa observations are ‘low’ in criticality & largely procedural. It emphasizes that it has one of best compliance records among Indian pharma firms. It expects the company to emerge as a beneficiary of changing environment in us, given low base. The brokerage house also expects the launch momentum to build in with several launches seen in FY19.
Brokerage: Goldman Sachs | Rating: Buy
The global investment bank believes that the company may maintain its leading market share in competitive but consolidating market. While the risk reward is attractive, it said, there is a case for 35 percent potential upside in its base case and 9 percent downside in the bear case. Meanwhile, other businesses have continued to deliver robust growth, he added.
Brokerage: ICICI Securities | Rating: Upgrade to Add | Target: Rs 2,378
The brokerage said that many triggers could pan out over FY19-20 for growth and margin recovery. It is basing the rating on the fact that US business would bottom out in FY18. It expects price erosion to remain in double digits in the upcoming financial year and has reduced earnings estimates by 1-6 percent for FY18-20.
Brokerage: Deutsche Bank
The global research firm said that the bank is seeing steady core business with growth trajectory of 25%. It expects new business to propel growth to 30 percent. Bharat Financial acquisition should enhance co’s NIMs By 50 bps. It is forecasting 35 percent earnings CAGR for FY17-20.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!