Buy these 3 Pharma Stocks Suggested by Motilal Oswal Financial Service
Here is the list of 3 Pharmaceuticals stocks suggested by the brokerage in May 2022.
Motilal Oswal has estimated a target price of Rs 640. The Currently Market Price (CMP) of the stock is Rs 530.20.
Aurobindo Pharma Limited
Aurobindo Pharma Limited delivered an in-line 4QFY22. Increased competitive intensity in US Generics and higher OPEX impacted profitability in 4QY22 on a YoY basis.
Motilal Oswal in the report stated
Motilal Oswal has set a target price of Rs 1,040. The Currently Market Price (CMP) of the stock is Rs 856.25.
Sun Pharmaceutical Industries Limited
Sun Pharmaceutical Industries Limited delivered a lower-than-expected 4QFY22 due to moderation in the RoW/EMs/API segment and higher OPEX.
According to the brokerage
Motilal Oswal in the given a target price of Rs 410. The Currently Market Price (CMP) of the stock is Rs 386.
Glenmark Pharmaceuticals Limited
Glenmark Pharmaceuticals Limited delivered an operationally in line 4QFY22. Healthy growth in Domestic Formulation (DF), RoW, and Europe (EU) was offset by a subdued performance in North America (NA) and the API segment.