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Sun Pharma Shares In Focus As Motilal Oswal Remains Bullish After Q1 Results — Check Hiked Target Price

Sun Pharma remains on track to expand its innovative medicine portfolio through enhanced marketing efforts on new launches, increasing the prescriber base the prescription rate for existing products, adds the brokerage.

Sun Pharma Shares In Focus As Motilal Oswal Remains Bullish After Q1 Results — Check Hiked Target Price
Sun Pharma delivered in-line revenue/Ebitda in Q1 FY27, whereas adjusted PAT came in higher than expected, led by higher other income.
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Sun Pharmaceutical Industries Ltd.
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NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

According to the brokerage firm Motilal Oswal Sun Pharmaceutical Industries Ltd. remains on track to-

  1. expand its innovative medicine portfolio through enhanced marketing efforts on new launches, increasing the prescriber base
  2.  the prescription rate for existing products.

Further, improved industry-level growth and strong brand franchise support healthy growth for Sun Pharma.

Currency tailwinds would be a favorable growth driver for Sun Pharma's revenue. These benefits would be partially offset by price erosion in the US generics segment.

Accordingly, we build in an 11% earnings CAGR over FY26-28.

Motilal Oswal maintains its earnings estimates for FY27/FY28 and values Sun Pharma at 38 times 12-month forward earnings to arrive at a target price of Rs 2,310.

Click on the attachment to read the full report:

Motilal Oswal Sun Pharma Q1.pdf
VIEW DOCUMENT

ALSO READ: Maruti Suzuki Shares In Focus: Q1 Revenue Beat Keeps Nirmal Bang Bullish Despite Margin Pressure — Check Target Price

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