Hold Ranbaxy; target 475: Avinash Gupta

Avinash Gupta, Assistant Vice President Research Equity, Bonanza Portfolio Limited in an interview with ET Now talks about Ranbaxy.

What is the call on Ranbaxy, the CEO stepping down, I do not know how much of a dampener that is but results also are expected today, some bit of positive surprise expected...Do you like Ranbaxy?

Yes, Ranbaxy is a good stock and they have been underperforming the market now for sometime. Daiichi is expected to put their act together and the company has a fast growth track record, probably it will get there. The company is too big for an individual. Of course, they do matter but there is no impact to the company in a very significant manner. You maintain a hold on that counter.