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Why Jefferies sees 50% upside in a healthcare distributor that listed at a discount

Money ControlMoney Control · 6m
Why Jefferies sees 50% upside in a healthcare distributor that listed at a discount

Jefferies predicts a 50% upside for Entero Healthcare Solutions, a healthcare product distributor. The brokerage firm initiated coverage on the stock with a buy recommendation and stated that Entero is well-positioned to achieve organic revenue growth that is twice the industry's pace over FY24-26E. Jefferies estimated a potential revenue growth of 44% and PAT growth of 8x over the same period, along with economies of scale. The analysts mentioned Entero's distribution network, strong technology platform, and potential for industry consolidation as factors contributing to its positive outlook. The price target set for Entero is Rs 1,510, with the stock closing at Rs 1,000 on April 10.

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