te Stocks to Buy: Siddharth Sedani picks 4 pharma stocks bumper returns | Zee Business

Stocks to Buy: Siddharth Sedani picks 4 pharma stocks bumper returns

Stocks to buy: According to Sedani, in Europe, the Active Pharmaceutical Ingredient (API) has slowed down which is also beneficial for Indian pharma companies

Stocks to Buy: Siddharth Sedani picks 4 pharma stocks bumper returns
Stocks to buy: Globally there has been a double-digit volume growth and domestic business is also on the path of growth in pharma segment

Stocks to buy: Zee Business panellist Siddharth Sedani today recommended four pharma stocks for viewers that can yield high returns. In a special segment ‘SID Ki SIP’ aired today with Managing Editor Anil Singhvi, he said that the pharma sector will benefit from an 11 per cent fall in the rupee as they have a higher export rate. Further, he said that globally there has been a double-digit volume growth and domestic business is also on the path of growth. 

According to Sedani, in Europe, the Active Pharmaceutical Ingredient (API) has slowed down which is also beneficial for Indian pharma companies. Giving another significant data Sedani said that India has a population of 27 crore people in the age group of 50 and above for whom branded formulation drugs are a necessity. 

Torrent Pharmaceutical
Sedani said that the company has strong revenue growth and the company’s double-digit growth is from India and Brazil. He further said that the company's management is giving revenue guidance of 13-14 per cent and 21 per cent earnings guidance. 

Buy Price - Rs 1,699.85

Price Target - Rs 1,915

Divi’s Laboratories
Buy Price - Rs 3,785.10

Price Target - Rs 5,410

 

Zydus Lifesciences
Sedani said that the company has 20 per cent growth in domestic business and margins can further improve.

Buy Price - Rs 436.80

Price Target - Rs 560 

 
Ajanta Pharma  
Buy Price - Rs1,345

Price Target - Rs 1,532

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Reported By: ZeeBiz WebTeam
Written By: Sirali Gupta
Edited By: Abhinav Ranjan
Updated: Wed, Nov 02, 2022
05:18 pm
Mumbai, ZeeBiz WebDesk
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