Hold Zydus Wellness, target Rs 1400: Anand Rathi

Anand Rathi has a hold call on Zydus Wellness Ltd. with a target price of Rs 1400. The current market price of Zydus Wellness Ltd. is Rs 1431.15.
Time period given by the brokerage is a year when Zydus Wellness Ltd. price can reach defined target. Zydus Wellness Ltd., incorporated in 1994, is a midcap company with a market cap of Rs 5600.79 crore.

Investment rationale by Anand Rathi

Innovations are driving Zydus’ growth, with Sugar Free Green and Nutralite Mayonnaise as front-runners. With new products coming on stream, focused distribution expansion and a vigorous digital campaign, we believe its growth momentum would persist. Its expanding footprint internationally would further accelerate earnings growth. Recent run-up in the stock leaves little room for further upside, hence, we lower our rating to Hold.