Sharekhan has given Buy on the stock with a revised price target (PT) of Rs recommendation for Zydus Wellness with a target price of Rs. ekhan is bullish on Zydus Wellness has recommended buy on the stock with a revised price target (PT) of Rs. 2,505 in its research report issued on Feb 02, 2022

Outlook

We like ZWL’s revamped focus on driving growth through new launches, improving penetration of core brands/acquired brands, and expanding reach in key markets. Under the Transformation.2 project, the company has initiated a number of projects from sales and supply chain to people functions, which will help it become more agile and drive efficiencies in the long run. Stock is currently trading at 29.7x/23.8x its FY2023/FY2024E EPS, which is at a discount to some of the large consumer goods stocks. We maintain our Buy recommendation on the stock with an unchanged price target (PT) of Rs. 2,505.

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