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Business News/ Money / BRICS Securities puts BUY on Piramal Healthcare
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BRICS Securities puts BUY on Piramal Healthcare

BRICS Securities

BRICS Securities puts BUY on Piramal Healthcare

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Piramal Healthcare’s (PHL) move to close down its API contract manufacturing facility at Huddersfield, UK is long-term positive.

While we expect the development to hurt FY10E revenue by 4% or Rs1.6bn, it would lead to higher operating margin in the long term.

We maintain a BUY recommendation with a revised price target of Rs273/share.

Click here to read a detailed report

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Published: 09 Apr 2009, 09:31 AM IST
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