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Last Updated : Nov 14, 2019 11:43 AM IST | Source: Moneycontrol.com

Hold Sun Pharmaceutical Industries target of Rs 460: Sharekhan

Sharekhan recommended Hold rating on Sun Pharmaceutical Industries with a target price of Rs 460 in its research report dated November 13, 2019.

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Sharekhan's research report on Sun Pharmaceutical Industries


Sun Pharma’s Q2FY2020 results are in line with estimates. Staggered penetration of specialty portfolio, higher specialty promotional spends, increasing R&D, and continued pricing issues in the U.S. are likely to be the key challenge for earnings growth We expect the company to report sales and profit CAGR of 14% and 22%, respectively, over the next two years.


Outlook


We maintain Hold rating on Sun Pharma with a revised PT of Rs 460.


For all recommendations report, click here

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First Published on Nov 14, 2019 11:43 am
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