Bumper Returns in Pharma Shares, Sun, Cipla, Aurobindo, Cadila are CLSA's Top Pharma Picks
Revenue growth of pharmaceutical companies in India is likely to continue to improve due to continuous improvement in economic factors, strengthening ancillary economic factors in India, improvement in product structure and weakness of local currency. CLSA, a foreign brokerage firm that publishes forecasts in its notes, has already stated that there is a sharp trend in pharma stocks, so it wants to place bets on select pharma companies. CLSA selected Sun Pharmaceutical, Cipla, Aurobindo Pharma and Cadillac Healthcare as their best pharma selections.
Excellent intelligence in the field of medicine
The CLSA stated, "The trend in the United States indicates that the general pharmaceutical sector is improving in terms as key commercial prices fall in the lower to medium single digit range on a quarterly basis. One of them is the approval of Indian companies. Nifty. Pharma has gained 12.4% since February this year, while Nifty has dropped 23.1%.
Very good rating
Foreign brokerage firm Abbott India did better by lowering its rating, earning it more accolades. However, the target value for Lupine and Abbott increased by 18.2% and 20.6%, respectively. CLSA stated, "For us, in FY 20-22, pharmaceutical sector revenue / PAT in India is likely to grow at 10% per annum and 20% per annum, with 230 basis points (100 basis points per point). Points)... Equals.) We expect a 5% -7% increase in revenue estimates for the sector and a two-to-three-fold increase in P / E targets in fiscal 21-22, leading to strong profits.
Target price went up
CLSA has increased the target price of Sun Pharma from Rs 520 to Rs 590. Cipla is on the list of preferred stocks due to CBSA's Aurobindo Pharma and is in the pipeline of medicines used to treat respiratory diseases caused by common products in the US.
IRCTC shares rise, may announce some trains from May 12
IRCTC shares rose more than 5 percent in early Monday trading. Indian Railways has announced that it will gradually start passenger service from May 12, due to which it has recorded a boom.
Booking for 15 routes will start from Monday and booking will only be possible through the IRCTC website. Passengers who book seats in these trains will have to arrive at the railway station at least one hour before the departure time.
Initially, all 15 Rajdhani trains will have AC services on routes and their fares will be similar to high-speed trains, the Indian Railways said. The official said that unlike labor trains, these trains would be booked at 72 places in coaches. And there is no chance of any turmoil in their fees.
It is noteworthy that a maximum of 54 passengers are allowed to travel in one compartment in labor-specific trains. Government-19 train services will be closed from March 25 due to nationwide locks. Indian Railways has said that the ticket booking window at the stations will remain closed and ticket counters including platform tickets will not be issued.
