Buy Torrent Pharmaceuticals with a target of Rs 1665: Edelweiss Financial Services

Edelweiss Financial Services has a buy call on Torrent Pharmaceuticals Ltd. with a target price of Rs 1665 . The current market price of Torrent Pharmaceuticals Ltd. is Rs 1316.5 . Time period given by the brokerage is a year when Torrent Pharmaceuticals Ltd. price can reach defined target. Torrent Pharma continues to maintain focus on branded business mix from India and Brazil. The focus on brands bodes well for sustainable growth in a challenging global environment. USA and Germany will be vital spots within generic markets. Torrent Pharma is significantly ramping up in US with ~100 filings targeted over next 3 years has best-in-class return ratios (>30% RoCE/RoE) and rich cash flow.