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BSE Code: | NSE Code: | ISIN: | Sector:

NSE
514.25
Change Change %
8.95 1.77%

Updated:23 Apr, 2018, 15:57 PM IST

BSE
514.20
Change Change %
8.80 1.74%

Updated:23 Apr, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nomura
N/A
14-08-2017 Hold 452.00 600.00
N/A
Target Hit Long (1Y)
14-08-2018

Nomura maintains neutral on Sun Pharmaceuticals

Sun Pharma's earnings were materially lower than our estimates with sales and EBITDA missing our estimates by 8% and 27%, respectively. The slowdown in India (-5% y-y) is largely along expected lines. However, US revenues came in lower on higher pricing pressure. Management guided for single digit revenue decline in FY18F and EBITDA margin expanding to just 20-22% by 2HFY18F. This indicates continued pressure in the business in the near term.

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