Buy Dr. Reddy's Laboratories, target price Rs 5755: Emkay Global

Emkay Global has buy call on Dr. Reddy's Laboratories with a target price of Rs 5755. The current market price of Dr. Reddy's Laboratories is Rs 4925.

Time period given by analyst is one year when Dr. Reddy's Laboratories Ltd. price can reach defined target.
Dr. Reddy's Laboratories Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 81360.92 Crore) operating in Pharmaceuticals sector.


Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 5053.00 Crore, up 4.17 % from last quarter Total Income of Rs 4850.80 Crore and up 11.95 % from last year same quarter Total Income of Rs 4513.60 Crore. Company reported net profit after tax of Rs 363.80 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 26.7 per cent stake in the company as of June 30, 2021, while FIIs held 29.4 per cent, DIIs 15.7 per cent and public and others 28.2 per cent.