Investor's Eye: Update - Sun Pharma, Andhra Bank, Indian Hotels ...

Sun would now set up its own sales force in the USA for marketing and distribution of its products there. We view the new sales force team in US as a proactive step from Sun?s management in order to protect its revenues. ... bank at 1.3x FY2012 book, leading to a price target of Rs168. Despite a higher upside on our price target we maintain our Hold recommendation due to the concerns about the bank?s asset quality and the compression in its margin. Indian Hotels Company ...