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    Buy Aurobindo Pharma Ltd., target Rs 1170.0 : Citigroup

    Synopsis

    The sharp reduction in net debt during the quarter was encouraging and Aurobindo Pharma remained Citigroup's top pick in Indian pharma space.

    Citigroup has Buy call on Aurobindo Pharma Ltd. with a target price of Rs 1170.0. The current market price of Aurobindo Pharma Ltd. is 792.45. Time period given by analyst is year, when Aurobindo Pharma Ltd. price can reach defined target. The global investment bank highlighted that strong EBITDA margins helped offset some softness in the topline. Going forward, US QoQ growth should assuage the street's concerns on this front. The sharp reduction in net debt during the quarter was encouraging and Aurobindo Pharma remained Citigroup's top pick in Indian pharma space.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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