Buy Zydus Wellness target of Rs 1780: Sharekhan

Sharekhan is bullish on Zydus Wellness has recommended buy rating on the stock with a target price of Rs 1780 in its research report dated July 31, 2019.

Broker Research

August 01, 2019 / 02:05 PM IST

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Sharekhan's research report on Zydus Wellness

In Q1FY2020, Zydus Wellness’ comparable revenue grew by ~10% (Heinz portfolio grew 20% on a comparable basis). OPM expanded strongly to 19.7% in Q1FY2020 as against 8.1% in Q1FY2019, led by lower advertisement spends and operating efficiencies. We have increased our earnings estimates factoring in higher-than-estimated growth for the Heinz portfolio.

Outlook

We upgrade Zydus to Buy with a revised price target (PT) of Rs. 1,780 on strong show by the Heinz portfolio.

For all recommendations report, click here

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Broker Research

Tags: #Buy #Recommendations #Sharekhan #Zydus Wellness

first published: Aug 1, 2019 02:05 pm

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Expert Trading Guidance

Buy Zydus Wellness target of Rs 1780: Sharekhan

Sharekhan is bullish on Zydus Wellness has recommended buy rating on the stock with a target price of Rs 1780 in its research report dated July 31, 2019.