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    Buy Dr. Reddy's Laboratories, target Rs 2,400: Kunal Bothra

    Synopsis

    Buy Dr. Reddy's Laboratories at a price target of Rs 2,400 and a stop loss at Rs 2,230 from entry point.

    Independent analyst Kunal Bothra has a buy call on Dr. Reddy's Laboratories with a target price of Rs 2,400.

    The current market price of Dr. Reddy's Laboratories is Rs 2,292.

    Time period given by analyst is intraday when Dr. Reddy's Laboratories price can reach defined target.

    Kunal Bothra recommended to keep a stop loss at Rs 2,230.

    Dr. Reddy's Laboratories, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 37,128.92 Crore) operating in Pharmaceuticals and health care sector.

    Dr. Reddy's Laboratories key Products/Revenue Segments include Pharmaceuticals which contributed Rs 9,586.80 Crore to Sales Value (98.63 per cent of Total Sales), Other Operating Revenue which contributed Rs 50.40 Crore to Sales Value (0.51 per cent of Total Sales), Licence Fees which contributed Rs 41.30 Crore to Sales Value (0.42 per cent of Total Sales), Scrap which contributed Rs 20.70 Crore to Sales Value (0.21 per cent of Total Sales) and Spent Chemicals which contributed Rs 20.60 Crore to Sales Value (0.21 per cent of Total Sales)for the year ending 31-Mar-2017.

    For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 3315.90 Crore, down 6.70 per cent from last quarter Sales of Rs 3,554.20 Crore and up 3.23 per cent from last year same quarter Sales of Rs 3,212.30 Crore.

    Company has reported net profit after tax of Rs 56.80 Crore in latest quarter.

    The company’s top management includes Dr.Ashok S Ganguly, Dr.Bruce L A Carter, Dr.Omkar Goswami, Mr.Anupam Puri, Mr.Bharat N Doshi, Mr.G V Prasad, Mr.Hans Peter Hasler, Mr.K Satish Reddy, Mr.Sridar Iyengar, Ms.Kalpana Morparia.

    Company has S R Batliboi & Associates LLP as its auditors.

    As on 30-06-2017, the company has a total of 165,801,974 shares outstanding.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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