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ā¢ Sharekhan has recommended a buy rating on Granules India with a target price of Rs 417.
ā¢ Granules reported a 3% y-o-y revenue growth in Q2FY2024, driven by strong growth in formulations revenue and pick up in the North America region.
ā¢ The company plans to spend Rs. 2,000 crore over the next five years to build a green chemistry plant, which will enable it to be carbon zero in API manufacturing.