The company's revenue for Q2CY24 grew by 15.4%, reaching Rs 4,658.5 crore
Recommendation: Add; Target price: Rs 355
Recommendation: Buy; Target price: Rs 395
Revenue from the generic business in North America surged 79%, backed by successful new product launches.
The company's US business achieved its highest-ever revenue of $222 million
Recommendation: Reduce; Target price: Rs 4900
Net profit shows a strong growth of 62.9% from Rs 6,477.74 crore in Q4FY23
In Tamil Nadu, Foxconn already operates a sizable site where it assembles Apple's iPhones.
Recommendation: Add; Target price: Rs 1075
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