Why Mirae Asset Sharekhan Recommends Buying Zydus Wellness Ltd
About the Recommendation
Stock: Zydus Wellness Ltd
Recommendation: 🟢 BUY
Target Price: ₹2,688
Brokerage: Mirae Asset Sharekhan
Key Highlights
- Mirae Asset Sharekhan reiterates a Buy on Zydus Wellness with an upgraded target of ₹2,688.
- The move follows the company’s acquisition of Comfort Click Ltd (CCL) for ~₹2,800 crore.
- This marks ZWL’s first international expansion and its entry into the Vitamins, Minerals & Supplements (VMS) category.
- The acquisition, valued at nearly 2x EV/Sales, is expected to be EPS accretive from year one.
Investor Takeaway
The acquisition positions Zydus Wellness as a stronger player in the global health and wellness space, expanding beyond its domestic portfolio. The stock is seen as an attractive buying opportunity for long-term investors, given the earnings accretion potential and international growth prospects.
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Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services