Neuland gains; brokers say re-rating candidate

Reuters Market Eye - * Neuland Laboratories jumps 6.8 percent to record high of 480 rupees.

* Brokers say the pharma ingredient player is a strong re-rating candidate.

* Emkay says can generate very strong returns in two years.

* Neuland's earnings can grow at a compounded rate of 25 percent, adds Emkay.

* Trades at 8.7 times of 12-month forward earnings versus peer average of 41.78 times.

(Reporting by Abhishek Vishnoi)