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Last Updated : Jul 19, 2019 01:31 PM IST | Source: Moneycontrol.com

Hold Torrent Pharmaceuticals; target of Rs 1720: Sharekhan

Sharekhan recommended hold rating on Torrent Pharmaceuticals with a target price of Rs 1720 in its research report dated July 18, 2019.

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Sharekhan's research report on Torrent Pharmaceuticals


USFDA classifies Dahej facility under OAI; Although existing operations are not impacted, future product approvals from this facility could get delayed. We expect Q1FY2020 to be a good quarter due to operational leverage from the acquired domestic business. We expect Torrent Pharma to report sales and adjusted profit CAGR of 17% and 43%, respectively, over FY2019-FY2021E.


Outlook


We maintain our Hold recommendation on Torrent Pharmaceuticals Limited (Torrent Pharma) with unchanged PT of Rs. 1,720.


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.




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First Published on Jul 19, 2019 01:31 pm
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