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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.

July 02, 2019 / 12:34 IST
     
     
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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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    Broker Research
    first published: Jul 2, 2019 12:34 pm

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