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Jain vivek's Comments

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2. Jain vivek  Dec 6, 2016 10:03:30 AM IST Reply

Laurus Labs Ltd IPO

Angel Broking: “On FY2016’s PAT of `133.3cr, the issue, at its upper band, is priced at P/E of 32x which looks expensive. Accounting for FY2017E PAT, the valuation still looks high at P/E of 28x. We believe that this kind of valuation is commanded by domestic pharma companies who have branded formulations business, healthy product pipeline and strong return ratios. Considering Laurus’ 1) high client concentration, 2) low pricing power 3) asset heavy model and 4) high valuation, we rate this IPO as Neutral.”
1. Jain vivek  Dec 5, 2016 9:28:14 AM IST Reply

Laurus Labs Ltd IPO

When compared with divis, lauras labs is overpriced.
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