Monday, March 1, 2010

Buy Ranbaxy

Company: Ranbaxy
Broking House: Morgan Stanley
Rating: Overweight Price Target: Rs 549

Excluding the one time items, Ranbaxy has reported Q4 results broadly in line with expectations, says Morgan Stanley. For the coming year, the company plans to benefit from its exclusivity pipeline. Exclusivity allows the company to be the only generic supplier of a drug that’s coming off patent for six months. For a best selling drug, the rights could be worth several million dollars. The company’s guidance of a net profit of Rs 460 crore seems to be too low. While there are uncertainties clouding the firm’s outlook, given the exclusivity pipeline, the brokerage has kept its overweight rating on the stock.

Bought to you by


Ingenious Investor

Equity Research Division


Ravina Consulting

No.429 Mahavir Tuscan

Near Hoodi Circle, Whitefield

Mahadevapura Post

BANGALORE 560048


For Free Stock Advise + Ideas

sowmya@ravinaconsulting.com

Talk / SMS 08105737966


Read - www.ingeniousinvestor.blogspot.com

Follow us - www.twitter.com/smartinvestor