Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
31 March, 2015 01:32 IST
`Buy` Alembic Pharma; target Rs 77: Angel Broking
Source: IRIS Exclusive | 09 Feb, 2012, 01.14PM
Comments  |  Post Comment

Angel Broking has recommended `Buy` on Alembic Pharmaceuticals with a price target of Rs 77 in its report dated Feb. 09, 2012. The broking house gave the following rationale:

For 3QFY2012, Alembic Pharmaceuticals` net sales came in at Rs 3.83 billion, up 15.0% yoy. During the quarter, exports rose by 45.4% yoy to Rs 1.65 billion. While sales were just in-line with our estimate, OPMs came in at 18%, higher than our expectation of 14%. Net profit for the quarter came in at  Rs 4.42 billion.

We maintain our Buy recommendation on the stock with a target price of Rs 77.

Click here to view full report

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Ashok Leyland divests 48.5% equity stake in ALWEL - 30-Mar-2015 17:04
NMDC commissions new project in Chhattisgarh - 30-Mar-2015 15:06
RPower commissions last unit at 3,960 MW Sasan UMPP - 30-Mar-2015 13:48
Max Life Insurance and Lakshmi Vilas Bank sign up for a 5-year strategic alliance - 30-Mar-2015 13:41
Indraprastha Gas acquires 47.5 mn shares in MNG - 30-Mar-2015 13:24
EID Parry divests entire stake in Alagawadi Bireshwar Sugars - 30-Mar-2015 13:19
KKR, Indium and LeapFrog to invest Rs 5 bn in Magma Fincorp - 30-Mar-2015 12:57
Centum Electronics wins orders worth Rs 1 bn from Indian Defence Enterprise - 30-Mar-2015 12:38
Transformers and Rectifiers bags order worth Rs 4.40 bn - 30-Mar-2015 12:30
Arvind, USPA to pay USD 3.20 mn to Ralph Lauren to settle lawsuit - 30-Mar-2015 12:05
BHEL bags contract worth Rs 50 bn from TSGENCO - 30-Mar-2015 11:59
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer