04 November 2010

Bilcare: Diwali Mahurat Pick by Anand Rathi

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Bilcare

  • Innovation driven by R&D is key driver for growth of all the businesssegments. Another important growth area will be – Global Clinical services business
  • Apart form domestic demand, major growth will come from US markets, where shifting from bottles to Blister packaging will boost demand for its products.
  • Company is ready to tap this potential with required DMF filings and FDA approvals
  • Company has developed anti counterfeit solutions in packaging using non clonable security technology (NST) which can revolutionize the packaging arena
  • Company’s recent US acquisition INEOS is earnings accretive and will drive the top line and bottom line significantly
  • We think stock is highly undervalued and deserves re-rating

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