Research Reports'Buy' Sun Pharma Shares Maintains Nirmal Bang, Says India, Specialty To Drive Growth
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'Buy' Sun Pharma Shares Maintains Nirmal Bang, Says India, Specialty To Drive Growth
Nirmal Bang maintains Buy rating underpinned by Sun Pharma's strong positioning as a unique play on both the India branded market and the global specialty pharma opportunity.
Sun Pharma's Ebitda margin is expected to remain healthy at ~30%. (Photo source: Sun Pharmaceutical Industries website)
While near-term headwinds such as elevated marketing expenses, rising tax rates, and persistent pricing pressure in the U.S. generics business have led the brokerage to tweak its estimates, thus remains constructive on Sun Pharma’s long-term fundamentals.