Buy Gland Pharma: target of Rs 4100: Sharekhan

Sharekhan is bullish on Gland Pharma has recommended buy rating on the stock with a target price of Rs 4100 in its research report dated July 05, 2021.

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Sharekhan’s research report on Gland Pharma

Gland’s core markets segment is on a strong footing to grow, backed by an expected double-digit growth in the US markets. Emerging Prospects in China markets and opportunities from the Vaccine arrangement are the key growth drivers. Strong domain expertise and growth prospects, a sturdy earnings track record and strong financials are the key positives for Gland, earnings are expected to stage a strong 39% CAGR over FY2021-FY2023E.

Outlook

We retain a Buy recommendation on Gland Pharma (Gland) with a revised PT of Rs 4,100.

For all recommendations report, click here

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