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Hold Sun Pharma; target of Rs 525: Sharekhan

Sharekhan recommended Hold rating on Sun Pharma with a target price of Rs 525 in its research report dated December 04, 2018.

December 05, 2018 / 15:40 IST
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Sharekhan's research report on Sun Pharma

Sun Pharma continues to remain surrounded by issues, the recent one being a whistle blower case filed with SEBI. Related party structure raises concerns among investors.

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Outlook

We downgrade our recommendation to Hold with downward revised PT of Rs. 525.