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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.
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El stock de Emcure Pharmaceuticals aumentó después de que Kotak lo actualizara a "Comprar", citando un fuerte crecimiento a pesar de los riesgos.