Indoco Remedies Ltd
INDOCO

267.25

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266.60

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Reco. Price
Rs 269.70
We recommend ACCUMULATE on the stock on account of expected increase in exports and ANDA approvals. Also USFDA clearances for Goa facility will be a benefit for the company. We target stock to trade at a P/E of 20.4x in FY17E. (Target Price: Rs.291)
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50 DMA (.)
266.17
100 DMA (.)
279.54
200 DMA (.)
287.11
Weekly Range (.)
258.40
275.60
Monthly Range (.)
258.40
281.30
52 Weeks Range (.)
232.90
362.00
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