Buy Dr Lal Pathlabs, target Rs 1,235: Dharmesh Shah

Dharmesh Shah of ICICI Direct has a buy call on Dr. Lal Pathlabs Ltd. with a target price of Rs 1235. The current market price of Dr. Lal Pathlabs Ltd. is Rs 1185.55. Time period given by the analyst is Intra Day when Dr. Lal Pathlabs Ltd. price can reach the defined target. Dharmesh Shah recommended to keep stoploss at Rs 1148. Dr. Lal Pathlabs Ltd., incorporated in 1995, has a market cap of Rs 9880.56 crore.
Dr. Lal Pathlabs Ltd. key Products/Revenue Segments include Hospital Services which contributed Rs 1164.84 Crore to Sales Value (99.99 % of Total Sales) and Other Operating Revenue which contributed Rs .05 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 335.20 Crore, up 11.33 % from last quarter Sales of Rs 301.10 Crore and up 14.68 % from last year same quarter Sales of Rs 292.30 Crore Company has reported net profit after tax of Rs 59.10 Crore in latest quarter. The company’s top management includes Brig.(Hony) Dr.Arvind Lal, Dr.Archana Lal Erdmann, Dr.Om Prakash Manchanda, Dr.Saurabh Srivastava, Dr.Vandana Lal, Mr.Anoop Mahendra Singh, Mr.Harneet Singh Chandhoke, Mr.Rahul Sharma, Mr.Sunil Varma, Ms.Somya Satsangi. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-06-2019, the company has a total of 83,341,610 shares outstanding.