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Buy Dr. Reddy's Labs, price target Rs 2980: Kunal Bothra

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ETMarkets.com|Updated: Jan 07, 2020, 09.19 AM ISTThinkStock PhotosBuy - sell ideasIndependent Analyst Kunal Bothra has a buy call on Dr.

Reddy's Laboratories Ltd.

with a target price of Rs 2980.

The current price of Dr.

Reddy's Laboratories Ltd.

is Rs 2878.95.

Kunal Bothra recommended to keep a stop loss at Rs 2855.

Dr.

Reddy's Laboratories Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 47837.02 Crore) operating in Pharmaceuticals sector.

Dr.

Reddy's Laboratories Ltd.

key Products/Revenue Segments include Pharmaceuticals which contributed Rs 10466.70 Crore to Sales Value (98.50 % of Total Sales), Licence Fees which contributed Rs 55.90 Crore to Sales Value (0.52 % of Total Sales), Service Income which contributed Rs 50.30 Crore to Sales Value (0.47 % of Total Sales), Spent Chemicals which contributed Rs 35.60 Crore to Sales Value (0.33 % of Total Sales), Scrap which contributed Rs 16.10 Crore to Sales Value (0.15 % of Total Sales) and Other Operating Revenue which contributed Rs .90 Crore to Sales Value for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 4800.80 Crore, up 24.90 % from last quarter sales of Rs 3843.60 Crore and up 30.22 % from last year same quarter sales of Rs 3686.60 Crore.

Company has reported net profit after tax of Rs 1095.10 Crore in latest quarter.

Sell Biocon, target Rs 270: Kunal BothraBuy NMDC, target Rs 120: Kunal BothraBuy Lupin, target Rs 777: Kunal BothraBuy Lupin, target Rs 782: Kunal BothraBuy Lupin, target Rs 805: Kunal BothraCommenting feature is disabled in your country/region.Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com - ETMarkets.com.

Please consult your financial advisor before taking any position in the stock/s mentioned.




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