Buy Dr. Reddy's Laboratories, target Rs 2040: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Dr Reddy's Laboratories Ltd. with a target price of Rs 2040.The current market price of Dr. Reddy's Laboratories Ltd. is Rs 2013.75. Time period given by the analyst is Intra Day when Dr. Reddy's Laboratories Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stop loss at Rs 2000.

Dr. Reddy's Laboratories Ltd., incorporated in 1984, is a large-cap company with a market cap of Rs 33414.15 crore. Dr. Reddy's Laboratories Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 9586.80 Crore to Sales Value (98.63 % of Total Sales), Other Operating Revenue which contributed Rs 50.40 Crore to Sales Value (0.51 % of Total Sales), Licence Fees which contributed Rs 41.30 Crore to Sales Value (0.42 % of Total Sales), Scrap which contributed Rs 20.70 Crore to Sales Value (0.21 % of Total Sales) and Spent Chemicals which contributed Rs 20.60 Crore to Sales Value (0.21 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 3534.90 Crore, down -7.12 % from last quarter Sales of Rs 3806.00 Crore and down -.54 % from last year same quarter Sales of Rs 3554.20 Crore Company has reported net profit after tax of Rs 265.20 Crore in latest quarter.

The company’s top management includes Dr.Ashok S Ganguly, Dr.Bruce L A Carter, Dr.Omkar Goswami, Mr.Anupam Puri, Mr.Bharat N Doshi, Mr.G V Prasad, Mr.Hans Peter Hasler, Mr.K Satish Reddy, Mr.Sridar Iyengar, Ms.Kalpana Morparia. Company has S R Batliboi & Associates LLP as its auditoRs As on 31-03-2018, the company has a total of 165,910,907 shares outstanding.