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You are here : IndiaNotes >> Research & Analysis >> Companies >> Torrent Pharmaceuticals Ltd. >> Research

Torrent Pharma Q2FY18: Muted Quarterly Show; Unichem Deal to Boost Domestic Volume

Reliance Securities | 14 Nov, 2017  | Follow Author | Add to my Favourites 
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Envisaging a healthy growth in India and Brazil businesses led by new launches and improvement in sale force productivity, we maintain our BUY recommendation and Target Price of Rs1,450, valuing the stock at 20x FY19E EPS of Rs 72.5.


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About Reliance Securities

Reliance Securities, the broking arm of Reliance Capital, is one of the India’s leading retail broking houses, providing customers with access to equities, derivatives, currency, IPOs, mutual funds, bonds, and corporate FDs amongst others. The large array of financial offerings helps customers fulfilling their investment objectives on one platform. Focus on timely & error-free execution represents its core strength. Their best in class research offerings, high degree of compliance with stock exchange regulations, ethical business standards, & strong risk management capabilities; Reliance Securities positions itself amongst strong & innovative brands in the financial services space.


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