Dr Reddy Buy, Target Price Rs.6000
Dr. Reddy’s Laboratories Limited is an Indian multinational pharmaceutical company. Company Incorporated in the year 1984. Market cap of the company is Rs. 84,006.35 Cr. It’s a large cap company and operating in pharma sector. Dr. Reddy’s operates in markets across the globe. It’s major market include – USA India Russia & CIS countries and Europe. Through it is three businesses – Pharmaceutical Services and Active Ingredients, Global Generics and Proprietary Products the Company offers a portfolio of products and services, including APIs and CPS. Debt free compnay. Dr Reddy buy at current level, technically it is looking bullish.
Investment
Dr Reddy Buy in current price Rs. 5040 to 5080.
Holding period one to six month.
SCRIPT : DRREDDY
Financial
| Quarter ended | Audited / Un-Audited | Total Income | PROFIT BEFORE TAX | Net Profit/Loss | EARNINGS PER SHARE |
|---|---|---|---|---|---|
| 30 Sep 2020 | Un-Audited | 3,37,240.00 | 61,970.00 | 48,100.00 | 29.00 |
| 30 Jun 2020 | Un-Audited | 3,88,910.00 | 1,36,170.00 | 95,020.00 | 57.31 |
| 31 Mar 2020 | Audited | 2,97,910.00 | 44,410.00 | 50,280.00 | 30.34 |
| 31 Dec 2019 | Un-Audited | 3,11,330.00 | 61,750.00 | 52,170.00 | 31.47 |
| 30 Sep 2019 | Un-Audited | 3,52,270.00 | 1,02,120.00 | 1,36,510.00 | 82.36 |
Note : Value in Lakhs
Shareholding Patterns
| Category | 30-Sep-2020 | 30-Jun-2020 | 31-Mar-2020 | 31-Dec-2019 | 30-Sep-2019 |
|---|---|---|---|---|---|
| Promoter & Promoter Group | 26.74 | 26.74 | 26.75 | 26.76 | 26.76 |
| Public | 73.03 | 73.03 | 73.01 | 73.01 | 73.00 |
| Shares held by Employee Trusts | 0.23 | 0.22 | 0.24 | 0.24 | 0.24 |
| Total | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
Ratio
| PE RATIO | PB RATIO | SECTOR PE | SECTOR PB |
|---|---|---|---|
| 34.21 | 5.38 | 37.01 | 4.97 |
Thanks