Buy Dr. Reddy's Laboratories, target price Rs 8010: JM Financial

JM Financial has buy call on Dr. Reddy's Laboratories with a target price of Rs 8010. The current market price of Dr. Reddy's Laboratories Ltd. is Rs 6893.3.

Dr. Reddy's Laboratories Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 116021.72 Crore) operating in Pharmaceuticals sector.

Dr. Reddy's Laboratories Ltd. key Products/Revenue Segments include Pharmaceuticals, Licence Fees, Spent Chemicals, Scrap, Service Income and Other Operating Revenue for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 7883.30 Crore, up 7.82 % from last quarter Total Income of Rs 7311.30 Crore and up 13.72 % from last year same quarter Total Income of Rs 6931.90 Crore. Company reported net profit after tax of Rs 1386.50 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 26.65 per cent stake in the company as of 30-Jun-2024, while FIIs owned 27.68 per cent, DIIs 20.61 per cent.