GEPL’s Pick of the Week

GEPL’s pick of the week is Indoco Remedies Ltd recommended at the price of Rs 505 and a target of Rs 750 over the next 12 months. Indoco is one of the fastest growing pharma companies manufacturing finished dosage forms and API aptly placed to tap the huge opportunity visible in the generic space. It is strongly placed in the domestic space that contributes around 70% of the revenues. The Company is undertaking expansions across its different business segments which should further help it cater to increasing demand. The company has entered into dossier and licensing deals with Watson and Aspen Pharmacare with a gradual ramp up in the deal size placing the company in a better position to cater to a wider range of markets. These would be the key growth drivers for the company once the approvals and regulatory issues are in place. Thus, with the organic growth being intact and increasing business through alliances with MNC’s we stand positive on the company and recommend a BUY on the stock.

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