Accumulate Ipca Laboratories; target of Rs 1700 Prabhudas Lilladher
Mon, Nov 18, 2024 10:12 AM

Accumulate Ipca Laboratories; target of Rs 1700 Prabhudas Lilladher

A Flip by Avya Verma
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Ipca Laboratories' Q2 EBITDA missed estimates, but management maintained revenue growth guidance and increased margin guidance for FY25. Revenue growth was broad-based, with domestic formulation business outperforming. The stock is trading at reasonable valuations, leading to an upgrade to ACCUMULATE with a revised target price of Rs1,700/share.

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