Buy Dr. Reddy’s Laboratories Ltd & Lupin Ltd

Buy Dr. Reddy's Laboratories Ltd & Lupin Ltd

Dr. Reddy’s Laboratories Ltd (REDY):

Dr. Reddy’s Laboratories Ltd

Dr. Reddy’s Laboratories Ltd has officially announced a consolidated sales of Rs. 4800.80 Cr for the quarter finished on 30-09-2019, which is 24.90% up from its previous quarter sales of Rs. 3843.60 Cr and 30.22% up from its previous year’s same quarter sales of Rs. 3686.60 Cr. The firm has also announced its net profit after tax of Rs. 1095.10 Cr in the recent quarter.

Outlook:

Dr. Reddy’s Laboratories Ltd is a buy call with a target of Rs. 3,200; current market price: 2,871.75.

Lupin Ltd (LUPN):

Lupin Ltd

Lupin Ltd has officially announced a consolidated sales of Rs. 4296.90 Cr for the quarter finished on 30-09-2019, which is -1.35% down from its previous quarter sales of Rs. 4355.83 Cr and 10.43% up from its previous year’s same quarter sales of Rs. 3890.93 Cr. The firm has also announced its net profit after tax of Rs. -124.40 Cr in the most recent quarter.

Outlook: 

Lupin Ltd is a buy call with a target of Rs. 805 and stop loss of Rs. 764; current market price: 784.65.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/ shares mentioned.

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