HSBC ON SUN PHARMA ACCUMULATE TP ₹2,120 • MFN deal removes tariff… — ❁Stocks❁ ❁Result❁& BREAKING News — TG.ME

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HSBC ON SUN PHARMA

ACCUMULATE

TP ₹2,120

• MFN deal removes tariff overhang for Sun Pharma for the next two years.

• Sees limited impact of ~2% on FY29 EPS estimates; awaits further clarity.

• Tariff concerns ease following the deal.

t.me/stocksresult/45197

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September 3, 2026 919 1