Buy Raymond; Target Rs. 750 & Lupin; Target Rs. 850

Buy Raymond; Target Rs. 750 & Lupin; Target Rs. 850

Raymond Ltd (RYMD):

Raymond

Raymond Ltd has officially announced a consolidated sales of Rs. 1,883.17 Cr for the quarter finished on 30-09-2019, which is 31.22% up from its previous quarter sales of Rs. 1,435.12 Cr and 1.92% up from its previous year’s same quarter sales of Rs. 1,847.75 Cr. The firm has also announced its net profit after tax of Rs. 82.42 Cr in the most recent quarter.

Outlook: 

Raymond Ltd is a buy call with a target of Rs. 750 and a stop loss of Rs. 695; current market price: 729.55.

Lupin Ltd (LUPN):Lupin Ltd

Lupin Ltd has officially announced a consolidated sales of Rs. 4,296.90 Cr for the quarter finished on 30-09-2019, which is -1.35% down from its previous quarter sales of Rs. 4,355.83 Cr and 10.43% up from its previous year’s same quarter sales of Rs. 3,890.93 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. 850 and a stop loss of Rs. 784; current market price: 805.40. 

Disclaimer: The perspectives 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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