Webinar :Join us on Jan 21, 22 and 23, 2021 at the ANYBODY CAN TRADE 360° LIVE virtual event. Register Now!

Hold Zydus Wellness; target of Rs 1840: Sharekhan

Sharekhan recommended Hold rating on Zydus Wellness with a target price of Rs 1840 in its research report dated September 16, 2019.

September 17, 2019 / 12:11 PM IST
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on Zydus Wellness

The stock price of Zydus Wellness Limited (Zydus) has moved up by ~17% since our last update (dated July 31, 2019). The current valuation at 31.6x its FY2021 earnings is at a premium of ~7% of its historical five-year average of 30x and does not provide much upside from the current level.


Hence, we downgrade our rating on the stock from Buy to Hold with a revised PT of Rs. 1,840. Post the acquisition of Heinz, working capital has remained stable; however, higher debt has put some pressure on the balance sheet.

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.

Broker Research
first published: Sep 17, 2019 12:11 pm

stay updated

Get Daily News on your Browser