IDBI Capital: Top Stock Picks For Diwali And Samvat 2077
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IDBI Capital Report
The top stock picks for Samvat 2077 include a drugmaker, a telecom major, and an AC manufacturer among others.
Alembic Pharmaceuticals Ltd. - The company consisting of domestic formulations, international generics and active pharmaceutical ingredients. The formulations account for 87% of the business while the rest comes from APIs. Company’s facilities are located at Vadodara and Baddi in Himachal Pradesh.
Key triggers: U.S. sales (43% of FY20 revenues) grew at approximately 12% CAGR in FY16-20 to Rs 20 billion on the back of consistent product launches including limited competition products.
Click on the attachment for IDBI Capital’s full list of Diwali stock picks:
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