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Hold Cadila Healthcare; target of Rs 275: Sharekhan

Sharekhan recommended Hold rating on Cadila Healthcare with a target price of Rs 275 in its research report dated August 09, 2019.

August 12, 2019 / 01:03 PM IST
 
 
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Sharekhan's research report on Cadila Healthcare

Cadila’s quarterly performance adjusted for one-offs was better than our expectation. Moraiya facility classified as OAI by USFDA to remain an overhang until resolved.

Outlook

We maintain our Hold rating on the stock with marginally downward revised PT of Rs. 275. Biologics and vaccines business to propel growth and profitability from FY2021E.

For all recommendations report, click here

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Broker Research
first published: Aug 12, 2019 01:03 pm

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