Buy Natco Pharma Ltd. with a target of Rs 750 – Kotak Securities Limited
Buy Natco Pharma Ltd. with a target of Rs 750. The stock, Kotak Securities believes will continue to trade at higher multiples given the events lined up over the next 6-12 months.
By ET Bureau | Updated:
Kotak Securities Limited has Buy call on Natco Pharma Ltd. with a target price of Rs 750 . The current market price of Natco Pharma Ltd. is 592.15 . Time period given by analyst is year when Natco Pharma Ltd. price can reach defined target.
Kotak Securities says Strong R&D capabilities and focus on creating a niche product portfolio sets Natco apart from its peers. For the coming years we expect both US and domestic formula tions to further lead the growth and enable the company in posting 58% revenue CAGR and 87% PAT CAGR over FY15-18E. The stock Kotak Securities believes will continue to trade at higher multiples given the events lined up over the next 6-12 months.
Kotak Securities says Strong R&D capabilities and focus on creating a niche product portfolio sets Natco apart from its peers. For the coming years we expect both US and domestic formula tions to further lead the growth and enable the company in posting 58% revenue CAGR and 87% PAT CAGR over FY15-18E. The stock Kotak Securities believes will continue to trade at higher multiples given the events lined up over the next 6-12 months.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
