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Buy Dr. Reddy's Laboratories, price target Rs 3,060: Sagar Doshi

The analyst suggested a stoploss at Rs 2920.

ETMarkets.com|
Updated: Nov 27, 2019, 09.29 AM IST
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Dr. Reddy's Laboratories Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 49307.90 Crore) operating in Pharmaceuticals sector.
Sagar Doshi of Edelweiss Financial Services has a buy call on Dr. Reddy's Laboratories Ltd. with a target price of Rs 3060.0 . The current price of Dr. Reddy's Laboratories Ltd. is Rs 2950.0 . Sagar Doshi recommended to keep a stoploss at Rs 2920 .

Dr. Reddy's Laboratories Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 49307.90 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 (0.00 % of Total Sales)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.

The company’s top management includes Dr.Bruce L A Carter, Mr.Allan Oberman, Mr.Bharat N Doshi, Mr.G V Prasad, Mr.K Satish Reddy, Mr.Leo Puri, Mr.Prasad R Menon, Mr.Sridar Iyengar, Ms.Kalpana Morparia, Ms.Shikha Sharma. Company has S R Batliboi & Associates LLP as its auditoRs As on 30-09-2019, the company has a total of 166,145,748 shares outstanding.

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