Sharekhan has given Buy recommendation for Aurobindo Pharma with a target price of Rs. 1185 in its research report issued on May 31, 2021

Sharekhan’s research report on Aurobindo Pharma

Strong growth momentum across the US and Europe business are likely to sustain going ahead driven by tractions expected in injectables space, new facilities, a strong product pipeline and gradual pick up in complex generics. Further, the expected commissioning of the vaccine manufacturing facility by end of July 2021 would open a new growth avenue and would add to the topline. Improving growth prospects, better earnings visibility and a strengthening balance sheet are the key positives for the company.

Outlook

We retain our Buy recommendation on the stock of Aurobindo Pharma with a revised PT of Rs. 1,185.

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