Buy Laurus Labs, target price Rs 580: Anand Rathi

Anand Rathi has buy call on Laurus Labs with a target price of Rs 580. The current market price of Laurus Labs Ltd. is Rs 503.25. Time period given by analyst is 1 month when Laurus Labs Ltd. price can reach defined target.
Laurus Labs Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 27017.93 Crore) operating in Pharmaceuticals sector.

Laurus Labs Ltd. key Products/Revenue Segments include Pharmaceutical Products, Contract Service, Traded Goods, Other Operating Revenue, Scrap for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1206.31 Crore, down -6.08 % from last quarter Total Income of Rs 1284.35 Crore and up 5.45 % from last year same quarter Total Income of Rs 1143.96 Crore. Company reported net profit after tax of Rs 203.95 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 27.3 per cent stake in the company as of 30-Sep-2021, while FIIs owned 25.19 per cent, DIIs 2.44 per cent.