** Shares of pharmaceutical formulations co Rubicon Research RUBI.NS rise 2.3% to 623 rupees
** Motilal Oswal initiates coverage with "buy" rating, PT of 740 rupees; first brokerage to cover stock - per data compiled by LSEG
** Brokerage estimates annualised growth of 29%, 32%, and 43% in rev, EBITDA, and PAT, respectively
** Says growth driven by new generic launches, stronger focus on prescription-led business in CNS therapy, stable
R&D productivity, tighter supply chain management
** Adds, Rubicon's consistent compliance track record provides a strong backbone for growth in earnings and
return ratios
** Since its listing earlier this month, RUBI down nearly 3%
(Reporting by Yagnoseni Das in Bengaluru)
((Yagnoseni.Das@thomsonreuters.com;))