Emcure Pharmaceuticals' stock surged after Kotak upgraded it to "Buy," citing strong growth despite risks.

Emcure Pharmaceuticals' stock rose nearly 10% after Kotak Institutional Equities upgraded it to a "Buy" rating, predicting a potential 20.68% upside to Rs 1,680. Kotak cited strong growth, healthy margins, and good financial management as positives, but noted risks including drug price-fixing cases and litigation. The brokerage expects robust sales and earnings growth over the next few years, especially in international markets like Canada.

November 26, 2024
3 Articles