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Buy Ipca Laboratories; target of Rs 1195: ICICI Direct


ICICI Direct is bullish on Ipca Laboratories has recommended buy rating on the stock with a target price of Rs 1195 in its research report dated August 14, 2019.

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ICICI Direct's research report on Ipca Laboratories

Q1FY20 revenues grew 18.4% YoY to Rs 1011 crore (I-direct estimate: Rs 1013 crore) due to 37% YoY growth in APIs to Rs 298.3 crore (I-direct estimate: Rs 247.4 crore). Domestic revenues grew 12.9% YoY to Rs 452.8 crore (I-direct estimate: Rs 449.1 crore). Export formulations grew 9.3% to Rs 244.8 ...


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