Buy Divi's Laboratories, target price Rs 4720: IIFL

IIFL has buy call on Divi's Laboratories with a target price of Rs 4720. The current market price of Divi's Laboratories is Rs 4555.1. Time period given by analyst is Intra Day when Divi's Laboratories price can reach defined target. IIFL recommended to keep stoploss at Rs 4425.

Divi's Laboratories, incorporated in the year 1990, is a Large Cap company (having a market cap of Rs 120882.45 Crore) operating in Pharmaceuticals sector.

Divi's Laboratories key Products/Revenue Segments include Pharmaceuticals, Contract Fees, Export Incentives and Scrap for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company has reported a Consolidated Total Income of Rs 2509.86 Crore, up 25.08% from last quarter, Total Income of Rs 2006.62 Crore and up 45.86% from last year same quarter and Total Income of Rs 1720.76 Crore. Company has reported net profit after tax of Rs 902.24 Crore in latest quarter.

Investment Rationale
Double bottom breakout pattern observed on charts.

Promoter/FII Holdings
Promoters held 51.95 per cent stake in the company as of 31-Dec-2021, while FIIs owned 23.26 per cent, DIIs 13.77 per cent.