Nuvama initiates coverage on Neuland Laboratories with a bull target of ₹17,700.

Peptide business is flagged as the long-term growth engine post-FY28.

Until then, Unit III expansion remains a critical near-term driver.

Growth acceleration is expected in H2 FY26, backed by a strong drug pipeline.

The initiation signals renewed investor interest in specialty pharma.

Focus shifts to execution timelines and emerging peptide demand.

Analysts expect valuation re-rating if H2 capability ramps up as projected.

Investors may watch regulatory approvals and capacity utilization as key catalysts.

Premium story for pharma allocations amid broader market optimism.

A neatly packaged long-term growth story for focused investors.