Sell Divi's Laboratories, target Rs 1,059.30: ICICI Direct

ICICI Direct has a sell call on Divi's Laboratories with a target price of Rs 1,059.30.

The current market price of Divi's Laboratories is Rs 1,063.50.

Time period given by the brokerage firm is 'Intra Day' when Divi's Laboratories price can reach defined target.

ICICI Direct recommended to keep stoploss at Rs 1,090.20.

Divi's Laboratories, incorporated in the year 1990, is a Large Cap company (having a market cap of Rs 28,799.36 Crore) operating in Pharmaceuticals and health care sector.

The company’s top management includes Dr.G Suresh Kumar, Dr.Murali K Divi, Dr.Ramesh B V Nimmagadda, Mr.K V K Seshavataram, Mr.Kiran S Divi, Mr.Madhusudana Rao Divi, Mr.N V Ramana, Mr.Nilima Motaparti, Mr.R Ranga Rao, Mr.S Ganapaty.

Company has Price Waterhouse as its auditors.

As on 31-12-2017, the company has a total of 265,468,580 shares outstanding.