Hold Natco Pharma; target of Rs 881: Geojit

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

live

• bselive
• nselive

Volume

Todays L/H

More

×

Geojit's research report on Natco Pharma

We expect the combination of existing products such as Chloroquine, Oseltamivir as well as the launch of Revlimid in the U.S and its focus on other regulated markets to drive overall profitability. Total revenues were up 13% YoY during the quarter led by strong performance in the export formulation and API segments. Formulation exports grew by 29% YoY, led by strong showing in the U.S where Chloroquine and Oseltamivir posted good volumes. The domestic formulation segment de-grew by 24% during the quarter with its Hepatitis and Oncology products posting decline in numbers.

Outlook

We upgrade our rating from "Sell" to "Hold" by valuing Natco at 26x FY22 EPS with a target of Rs.881.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More