United States

Analyst Research Report Snapshot


Finquest Sec. - Glenmark - Result Q4FY13 - May 13, 2013




Finquest Securities Pvt Ltd


13 May 2013





Companies referenced:


Available for Immediate Download

Maintain our HOLD rating and our target price of Rs.536 GNP reported Q4FY13 marginally ahead of ours as well as consensus estimates. The strong growth momentum witnessed in the past quarters continued with sustained all round performance across geographies. The beat in earnings came due to outperformance in India (where it continue to grow higher then industry average as reported by AIOCD, GNP's MAT for FY13 grew by 18% vis-a-vis industry growth of 10.1%). We believe the stock is fairly valued at the current price and there is limited room for further upside. We maintain our HOLD rating on GNP and maintain our target price of Rs.536 citing multiple rerating has already played out and believe that near terms triggers are priced in.

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.