Buy Solara Active Pharma Sciences: Target Of Rs 1371: Sharekhan
Sharekhan is bullish on Solara Active Pharma Sciences recommended buy rating on the stock with a target price of Rs 1371 in its research report dated October 30, 2020.
Nov 5, 2020 / 05:00 PM IST
Sharekhan's research repor on Solara Active Pharma Sciences
Solara has delivered its best-ever quarterly performance, with the sales and PAT staging a sturdy growth of 13% and 96% yoy respectively. The company is witnessing improved demand traction across its segment and geographies and has revised upwards its FY2021 Revenue and EBITDA growth guidance to 30%+ and 40%+ respectively. It also expects 2HFY2021 to be stronger than 1HFY21. Strong growth prospects, better earnings visibility, healthy balance sheet, and improving return ratios would support multiple expansion.
We retain our Buy recommendation on Solara Active Pharma Sciences (Solara) with a revised PT of Rs. 1,371.
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