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Analysts' corner IPCA LABS
Reco price/date: Rs 324 /May 30;
Current/target price: Rs 328/Rs 400
Ipca Laboratories revenues were below estimates on account of degrowth of Europe due to packaging issues. Its Ebitda margins stood at 19.9 per cent, as against 20.5 per cent in Q4 FY11, lower than analysts’ estimate of 22.4 per cent. Profits grew 12 per cent to Rs 76 crore, after accounting for a forex gain of Rs
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