Adar Poonawalla effect! Multibagger midcap stock rallies over 700% in 2 years

August 29, 2022

Domestic brokerage JM Financial, which initiated coverage on the stock with a Buy rating, values the stock at 4x Sep’24e P/BV to arrive at a target price of Rs 400. This signals an upside potential of up to 32 per cent.

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