Granules Share price: Buy with target of Rs 475 says Sharekhan as Paracetamol, Ibuprofen, Metformin, Guaifenesin and Methocarbamol growth healthy
Sharekhan maintains Buy recommendation on the Granules India stock with an unchanged price target of Rs 475. Granules is witnessing a robust growth outlook but in the near term, the company is confronting shortages of raw materials due to delayed shipments from China. The financial performance of the company going ahead is unlikely to be impacted, though the performance for quarter ending Dec 2020 could moderate slightly.
Granules is amid a capacity expansion plan where in it is investing Rs. 400 crore, spread over the next two years: Reuters