Moneycontrol Be a Pro
Get App
Last Updated : Nov 14, 2019 11:43 AM IST | Source: Moneycontrol.com

Hold Aurobindo Pharma target of Rs 500: Sharekhan

Sharekhan recommended Hold rating on Aurobindo Pharma with a target price of Rs 500 in its research report dated November 13, 2019.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on Aurobindo Pharma


Q2FY2020 results were in line with estimates. Regulatory hurdles at various plants would continue to be an overhang until successfully resolved. Moreover, margins and profitability would be under pressure until the integration of acquired assets is completed. We expect the company to report sales and profit CAGRs of 19% and 10%, respectively, in the next two years.


Outlook


We maintain our Hold recommendation on Aurobindo Pharma Limited (Aurobindo) with a revised PT of Rs. 500.


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.



LIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE.
First Published on Nov 14, 2019 11:43 am
Loading...
Follow us on
Available On