Buy Laurus Labs, target price Rs 480: Motilal Oswal

Motilal Oswal has buy call on Laurus Labs with a target price of Rs 480. The current market price of Laurus Labs Ltd. is Rs 419.

Laurus Labs Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 23412.68 Crore) operating in Pharmaceuticals sector.

Laurus Labs Ltd. key Products/Revenue Segments include Pharmaceutical Products, Traded Goods, Contract Service, Other Operating Revenue, Scrap for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1458.20 Crore, up 21.79 % from last quarter Total Income of Rs 1197.35 Crore and up 5.47 % from last year same quarter Total Income of Rs 1382.61 Crore. Company reported net profit after tax of Rs 75.32 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 27.19 per cent stake in the company as of 31-Mar-2024, while FIIs owned 25.98 per cent, DIIs 11.78 per cent.