Sell Divi's Laboratories, target Rs 475.0 : Manas Jaiswal
Sell Divi's Laboratories Ltd. at a price target of Rs 475.0 and a stop loss at Rs 606.0 from entry point
Divi's Laboratories Ltd., incorporated in the year 1990, is a largecap company (with a market cap of ₹ 15816.62 crore) operating in Pharmaceuticals and health care sector.
Divi's Laboratories Ltd. key Products/Revenue Segments include Active Pharma Ingredients which contributed ₹ 3735.24 Cr to Sales Value (99.61 % of Total Sales), Contract Fees which contributed ₹ 7.24 Cr to Sales Value (0.19 % of Total Sales), Scrap which contributed ₹ 5.35 Cr to Sales Value (0.14 % of Total Sales) and Export Incentives which contributed ₹ 2.02 Cr to Sales Value (0.05 % of Total Sales)for the year ending 31-Mar-2016.
For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 973.44 Cr., down 2.95% from last quarter Sales of ₹ 1003.07 Cr. and up 13.37% from last year same quarter Sales of ₹ 858.65 Cr. Company has reported net profit after tax of ₹ 268.32 Cr. in latest quarter. The company’s CEO is Dr.Murali K Divi. It's Board of Directors include Mr.P V Lakshmi Rajani, Dr.G Suresh Kumar, Dr.Murali K Divi, Mr.A M L Punna Rao, Mr.G Hemanth Kumar, Mr.G Veeraiah Chowdary, Mr.K Subba Rao, Mr.K V K Seshavataram, Mr.Kiran S Divi, Mr.L Kishore Babu, Mr.L Ramesh Babu, Mr.L V Ramana, Mr.M Ramesh Babu, Mr.Madhusudana Rao Divi, Mr.N V Ramana, Mr.P Ramaiah Chowdary, Mr.P Srinivasa Rao, Mr.P V Lakshmi Rajani, Mr.R Ranga Rao, Mr.S Devendra Rao, Mr.S Ramakrishna, Mr.Satya Prakash Divi, Mr.V Naga Sekhar, Mr.Y S Koteswara Rao, Mr.Y T S Prasad, Mrs.S Sridevi. Company has its registered office at 7-1-77/E/1/303,, Divi Towers,, Dharam Karan Road,, Hyderabad, 500016, Andhra Pradesh. Company has P V R K Nageshwara Rao & Co. as its auditors. As on 31-03-2017, the company has a total of 265,468,580 shares outstanding.
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