Bank of America Merrill Lynch has reiterated its buy call on the stock, with a target price of Rs 1,100 as it feels strong growth and balance sheet clean-up are major re-rating triggers. Q3 earnings beat was led by higher than expected sales of gZetia in US. US business now is in a strong growth phase. Other segments are in line and operating leverage boosted margin.
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Bank of America Merrill Lynch has reiterated its buy call on the stock, with a target price of Rs 1,100 as it feels strong growth and balance sheet clean-up are major re-rating triggers. Q3 earnings beat was led by higher than expected sales of gZetia in US. US business now is in a strong growth phase. Other segments are in line and operating leverage boosted margin.
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