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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura initiates buy on Alkem Labs
Nomura has initiated buy on Alkem Labs for target of Rs 1,635/share. Nomura says company is a play on steady domestic business. India's pharma market presents a long term opportunity. Stock trading in-line with sector average at 19.2 times FY17EPS and current valuation is well supported by growth estimates.