In today’s briefing:
- Indoco Remedies: Mixed Q3; Pick-Up in Exports Key Trigger
Indoco Remedies: Mixed Q3; Pick-Up in Exports Key Trigger
- Indoco manufactures and markets branded formulations and APIs for the domestic and export markets
- In domestic formulations, through its nine marketing divisions, the company serves a range of specialties
- Target Price and Valuation: We value Indoco Remedies at Rs 510 i.e. 18x P/E on FY24E EPS of Rs 28.3
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