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Unformatted text preview: om m itm ents of Rs 8,100 c rore over the next five years . Revenue growth is expec ted to be
led by growth in infras truc ture & heavy engineering s egm ents . HEALT H CARE
"Rev enues are ex pec ted to grow at 10% a y ear till 2014-15"
Rak es h Goy al, Senior Vic e Pres ident, Bonanza Portfolio
The s ec tor has s hown c ons is tent double-digit growth in the rec ent
pas t. However, the US Food and Drug Adm inis tration's dem anding
guidelines have hit overs eas s ales . Als o, the governm ent's new
pric ing polic y has im pac ted m argins .
The dome stic pharma marke t grew about 12% in 2012. Revenues are expec ted to c ontinue
growing at 10% a year between 2013-14 and 2014-15.
Generic s is em erging as one of the leading s egm ents that will gain as a num ber of drugs go
off-patent in the next few years .
Governm ent initiatives s uc h as allowing 100% foreign direc t inves tm ent in health and m edic al
s ervic es will als o benefit the s ec tor. The governm ent als o plans to inc reas e health
expenditure to 2.5% of gros s dom es tic produc t by the end of the 12th Five-Year Plan (201217), whic h will give the s ec tor another big boos t. businesstoday.intoday.in/stor ypr int/201839 12/18 1/2/14 M ar ket exper ts on what to expect fr om var ious sector s in 2014 : Business Today Lupin
T arge t price : Rs 950-970
The c om pany's foc us on s trengthening bus ines s in the US and operational effic ienc ies has
led to a s us tainable ris e in profits . The c om pany reported 40% growth in net profit for the
quarter ended Septem ber 30. Tec hnic ally, the s toc k is in a long-term uptrend, and is likely to
hit Rs 950-970 in the m edium term .
T arge t price : Rs 450
The c om pany has im proved its perform anc e over the las t two quarters . It is expanding
pres enc e in em erging m arkets . On the c harts als o, the s toc k is s howing s trength in the near
to m edium term . W e expec t it to hit Rs 450 in the next s ix to 10 m onths .
T arge t price : Rs 650
The s toc k has perform ed c ons is tently even in advers e m arket c onditions . At pres ent, it is in a
c ons olidation phas e. It m ay be bought at c urrent levels with a target of Rs 650 and above in
the m edium term . POWER
"Gains from falling pric es of im ported c oal are not s us tainable"
Daljeet S Kohli, Head of Res earc h,IndiaNiv es h Sec urities
The s ec tor has done very poorly over the las t few years as profits
s lum ped due to high fuel pric es . But things are c hanging. The
businesstoday.intoday.in/stor ypr int/201839 13/18 1/2/14 M ar ket exper ts on what to expect fr om var ious sector s in 2014 : Business Today governm ent is trying to s ort out is s ues related to fuel s upply and
los s es of s tate elec tric ity boards . Further, India's per c apita
c ons um ption of 704 units a year is m inus c ule c om pared to
developed c ountries , whic h indic ates the s ec tor's potential.
W e believe that earnings will c ontinue to rem ain volatile due to fuels...
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This document was uploaded on 02/06/2014.
- Spring '14