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Buy Laurus Labs: target of Rs 800: Sharekhan

Sharekhan is bullish on Laurus Labs has recommended buy rating on the stock with a target price of Rs 800 in its research report dated July 30, 2021.

August 02, 2021 / 02:10 PM IST
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Sharekhan's research report on Laurus Labs

Laurus reported a strong set of results for the quarter, but the numbers missed estimates due to lower-than-expected API sales. Sales and PAT grew by 31.2% and 40.6% YoY. All of Laurus’ businesses have a robust growth outlook, backed by robust demand environment and well supported by capacity expansion plans. Emerging opportunities from patent expiry of drugs in areas of anti-diabetes and cardiology offer significant potential for Laurus. Strong topline growth prospects, visibility on earnings and healthy return ratios and low debt-equity are the key positives.


We retain a Buy recommendation on the stock of Lauras Labs (Laurus) with a revised PT of Rs. 800.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Aug 2, 2021 02:10 pm

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