Stock To Buy: Prabhudas Lilladher Bets On Indoco Remedies, Revenue Grew To Rs. 4.3bn

Top brokerage firm Prabhudas Lilladher has given a buy rating to the stock of Indoco Remedies. Its consolidated revenues grew by 12% to Rs4.3bn largely in-line with our estimates. Domestic formulations declined by 2.4% YoY to Rs. 2.1bn vs our estimate

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