CMP : 59
Target Price : 91
Alembics 1QFY2013 results have come below expectations. On the sales front, the company grossed sales of Rs366cr, registering a revenue growth of 6.6% yoy, lower than our expectations of Rs390cr. On the operating front, the company posted an OPM of 14.3% vs an expectation of 15.3%. This, along with lower than expected net sales, lead the ..