Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Research

| More

Views on Indoco Remedies Ltd 3QFY2018: Angel Broking

Posted On: 2018-01-28 10:03:40

Views of Ms. Sarabjit Kour Nangra (VP Research - Pharma, Angel Broking):

"Indoco Remedies posted numbers in line with expectations. In rupee terms, consolidated revenues came in at INR 274cr V/s INR 280cr expectations V/s INR 272cr in 3QFY2017, up 0.7% YoY. On profitability front the company posted an gross margins of 67.0% V/s 63.9% in 3QFY2017, leading to the OPM coming in at 14.3% V/s 12.4% in 3QFY2017; little lower than expectations of 14.9%. Consequently, the Adj. PAT came in at INR 22.7cr V/s INR 23.9cr expected V/s INR 17.6cr in 3QFY2017, growth of 28.8% YoY. During the quarter, the R&D expenditure came in at 5.2% of sales in 3QFY2018 V/s 5.1% of sales in 3QFY2017. We maintain our SELL rating on the stock, with a price target of INR 136."

Shares of INDOCO REMEDIES LTD. was last trading in BSE at Rs.294 as compared to the previous close of Rs. 298.1. The total number of shares traded during the day was 56504 in over 1999 trades.

The stock hit an intraday high of Rs. 305 and intraday low of 288. The net turnover during the day was Rs. 16783459.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Disclaimer:The article above is a gist / extract of the original report prepared by the research firm / brokerage firm. This article is not to be considered as an offer to sell or a solicitation to buy any securities. This article is meant for general information only. www.equitybulls.com, its employees or owners or the research firms, its employees or owners won't be responsible for any liability that may arise from information, errors or omissions in these articles. www.equitybulls.com or its employees or owners / the research firms or its employees or clients or owners may from time to time hold positions in securities referred in this article. For detailed research reports, please contact the concerned research firm directly.





Other Headlines:

National highways: utilization and monetization - Kotak
Initiating Coverage: Parag Milk Foods Limited - Angel Broking
Company Update: NALCO - BUY - TP Rs.100 - Kotak
Company Update: Chennai Petroleum Corporation Ltd - BUY - TP Rs.390 - Kotak
Company Visit Note: Genus Power Infrastructure Ltd - BUY - TP Rs.79 - Kotak
Chhota (to) Mota Ideas Update: Venky's India Ltd - SELL - TP Rs.3700 - Kotak
Company Update: Moil Ltd - BUY - TP Rs.260 - Kotak
Bhansali Engineering Polymers Ltd - Buy - HEM Securities
Company Update: Kansai Nerolac Paints Ltd - BUY - TP Rs.600 - Kotak
GMM Pfaudler Limited - Initiating Coverage - Angel Broking
Event Update: Motherson Sumi Systems Ltd - ACCUMULATE - TP Rs.348 - Kotak
Company Update: Bodal Chemicals Ltd - REDUCE - TP Rs.140 - Kotak
Telecom: Dec 2017 marks a new low on wireless-spend-to-GDP ratio - Kotak
Company Update: Engineers India Ltd - BUY - TP Rs.204 - Kotak
Company Update: Venky's India Ltd - ACCUMULATE - TP Rs.4600 - Kotak
Company Update: NBCC (India) Ltd - BUY - TP Rs.229 - Kotak
Company Update: Petronet LNG Ltd - BUY - TP Rs.276 - Kotak
India Inc. has INR 1.8 lakh crore of cash trapped in their balance sheets: EY Report
Company Update: KNR Constructions Ltd - BUY - TP Rs.348 - Kotak
Akzo Nobel India Ltd - Initiating Coverage - Kotak Securities
Greenply Industries - Initiating Coverage - Angel Broking
Growth of India's apparel exports contingent upon overcoming internal and external headwinds: ICRA
Management Meet Update: Kansai Nerolac Paints Ltd - BUY - TP Rs.600 - Kotak
Ajanta Pharma - Initiating Coverage - Arihant Capital Markets
Result Update: Indo Count Industries Ltd - BUY - TP Rs.135 - Kotak
Arihant Capital Markets - Ambuja Cement 4QCY17 Result Update - HOLD
Result Update: Bodal Chemicals Ltd - ACCUMULATE - TP Rs.164 - Kotak
Result Update: Mahindra & Mahindra - BUY - TP Rs.864 - Kotak
Result Update: The India Cements Ltd - BUY - TP Rs.195 - Kotak
Result Update: Sun TV Network Ltd - REDUCE - TP Rs.994 - Kotak
Result Update: Voltas Ltd - ACCUMULATE - TP Rs.648 - Kotak
Result Update: Oil India Ltd - ACCUMULATE - TP Rs.392 - Kotak
Result Update: Petronet LNG Ltd - BUY - TP Rs.285 - Kotak
Result Update: Carborundum Universal Ltd - BUY - TP Rs.418 - Kotak
Proposed opening of coal sector to private players: Angel Broking
Result Update: Vascon Engineers Ltd (VEL) - BUY - TP Rs.57 - Kotak
Initiating Coverage: HSIL Ltd - Angel Broking
Result Update: The Phoenix Mills Ltd - BUY - TP Rs.672 - Kotak
Result Update: Time Technoplast Ltd - BUY - TP Rs.214 - Kotak
Result Update: Shipping Corporation of India - BUY - TP Rs.110 - Kotak
Result Update: PNC Infratech Ltd - BUY - TP Rs.208 - Kotak
Result Update: KNR Constructions Ltd - ACCUMULATE - TP Rs.348 - Kotak
Result Update: NBCC (India) Ltd - ACCUMULATE - TP Rs.229 - Kotak
Result Update: Jindal Stainless Hisar Ltd - BUY - TP Rs.318 - Kotak
Result Update: NMDC Ltd - SELL - TP Rs.130 - Kotak
Result Update: Talbros Automotive Ltd - BUY - TP Rs.389 - Kotak
Result Update: Sterling Tools Ltd - ACCUMULATE - TP Rs.428 - Kotak
Result Update: FIEM Industries Ltd - BUY - TP Rs.1203 - Kotak
Management Meet Update: Escorts Ltd - BUY - TP Rs.1051 - Kotak
Result Update: GE Shipping Company - BUY - TP Rs.500 - Kotak


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018