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Last Updated : Jul 02, 2019 12:34 PM IST | Source: Moneycontrol.com

Hold Aurobindo Pharma; target of Rs 710: Sharekhan

Sharekhan recommended Hold rating on Aurobindo Pharma with a target price of Rs 710 in its research report dated June 28, 2019.

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Sharekhan's research report on Aurobindo Pharma


Increased regulatory hurdles at various plants will weigh on stock until successful resolution; Increase in remediation cost will impact margins and profitability. We expect the company to report sales and profit CAGR of 29% and 22%, respectively, over the next two years.


Outlook


Warning Letter for Unit- XI likely to delay future product approvals which could impact FY2020 and FY2021 numbers.. Downgrade to Hold with downward revised Price Target (PT) of Rs 710.


For all recommendations report, click here


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First Published on Jul 2, 2019 12:34 pm
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