Brokerages up price targets on rising Sun, some point to clouds
Business

Brokerages up price targets on rising Sun, some point to clouds

By Dan Neff

Credit Suisse said the valuation of Sun is not factoring in moderation in high margins of the June quarter and Illumya driving the specialty ramp-up and rest of the portfolio being weak.

Synopsis

Motilal Oswal has raised target price to Rs 900 and maintained a ‘buy’ rating on the back of improving traction in specialty products. Edelweiss has upgraded the stock to ‘buy’ and raised target price to Rs 950 from Rs 675. CLSA has raised target price to Rs 960 from Rs 850 and maintained a ‘buy’ rating.

Mumbai: Brokerages have raised target price on Sun Pharmaceutical Industries after the drug major on Friday reported June quarter earnings that exceeded market expectations.

Motilal Oswal has raised target price to Rs 900 and maintained a ‘buy’ rating on the back of improving traction in specialty products. Edelweiss has upgraded the stock to ‘buy’ and raised target price to Rs 950 from Rs 675. CLSA has raised target price to Rs 960 from Rs 850

ET Bureau

2 mins read, Last Updated:

  • GIFT ARTICLE
  • FONT SIZE

    AbcSmall

    AbcMedium

    AbcLarge

  • SAVE
  • PRINT
  • COMMENT

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Already a Member?

Special Offer on ET Prime

Get Flat 20% Off

ON ET PRIME MEMBERSHIP

Get Offer

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News. 

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.

Dan Neff