Buy Dr. Lal Pathlabs, target price Rs 2850: IIFL

IIFL has buy call on Dr. Lal Pathlabs with a target price of Rs 2850. The current market price of Dr. Lal Pathlabs Ltd. is Rs 2783.45. Time period given by analyst is Intra Day when Dr. Lal Pathlabs Ltd. price can reach defined target.

Dr. Lal Pathlabs Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 23223.22 Crore) operating in Hospitals & Allied Services sector.

Dr. Lal Pathlabs Ltd. key Products/Revenue Segments include Hospital Services and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 509.00 Crore, down -.72 % from last quarter Total Income of Rs 512.70 Crore and up 9.25 % from last year same quarter Total Income of Rs 465.90 Crore. Company reported net profit after tax of Rs 58.20 Crore in latest quarter.

Investment Rationale
The stock has given a consolidation breakout on the daily chart.

Promoter/FII Holdings
Promoters held 55.23 per cent stake in the company as of 31-Mar-2022, while FIIs owned 23.44 per cent, DIIs 6.83 per cent.