IPCA Laboratories shares dip over 2% after HSBC cuts target price to Rs 1,330
By Aman Shukla Published on June 2, 2025, 09:37 IST
IPCA Laboratories Ltd. shares fell more than 2% in early trading following HSBC's downgrade of the stock's target price to ₹1,330 per share. The brokerage maintained a Hold rating on the stock, reflecting a cautious outlook. As of 9:36 AM, the shares were trading 1.69% lower at Rs 1,400.70.
HSBC's review of IPCA's Q4 results showed a slight beat on EBITDA margins, but impairment costs weighed on the company's PAT (Profit After Tax). The brokerage noted that a lower tax rate provided some relief to the bottom line.
Looking ahead, HSBC projects an 8-10% revenue growth for IPCA Laboratories in the medium term. However, the brokerage also mentioned that growth could accelerate to 12-13% if the expected synergies from the recent Unichem acquisition materialize.
IPCA Laboratories shares opened at ₹1,428.00, reaching the same high during the session. The stock dipped to a low of ₹1,390.00. Over the past year, the share price has fluctuated between a 52-week low of ₹1,052.00 and a high of ₹1,755.90.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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