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HomeNewsBusinessStocksBuy Sanofi India; target of Rs 5330: Centrum

Buy Sanofi India; target of Rs 5330: Centrum

Centrum is bullish on Sanofi India has recommended buy rating on the stock with a target price of Rs 5330 in its research report dated February 28, 2017.

October 30, 2023 / 16:58 IST
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    Centrum's report on Sanofi India

    The launch of new anti-diabetic products and line extensions are likely to drive future growth. We expect improved performance due to continued strong growth of its six flagship brands which grew faster than the market growth. SIL is among the top picks in the pharma sector.

    Outlook

    We retain our Buy rating on Sanofi India (SIL) and revise our TP to Rs 5,330 (earlier Rs 5,880) based on 25x December’18E EPS of Rs 213.4. SIL’s results for Q4CY16 were below our expectations and were impacted by demonetisation. The company’s revenue increased 4% YoY, margin declined 180bps to 18.1% and net profit fell 4%.

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