Watch experts decode 'The rise of ESG investing' on October 29 at 4pm. Register Now!
Last Updated : Aug 11, 2020 07:12 PM IST | Source: Moneycontrol.com

Buy Divis Laboratories; target of Rs 3400: Sharekhan

Sharekhan is bullish on Divis Laboratories has recommended buy rating on the stock with a target price of Rs 3400 in its research report dated August 07, 2020.

Broker Research
  • bselive
  • nselive
Todays L/H

Sharekhan's research repor on Divis Laboratories

Divis Laboratories (Divis) reported impressive performance for quarter. Consolidated sales stood at Rs 1730 crore up 48.8% y-o-y, while Adj PAT stood at Rs. 487 crore up 75% y-o-y. Hunt by global players for an alternative API source is expected to benefit companies like Divis. Benefits of backward integration, healthy product pipeline and commissioning of expanded capacities, amidst strong demand environment are the key positives. Strong earnings visibility, Sturdy balance sheet and healthy return ratios bode well.


We retain Buy recommendation on the stock with a revised PT of Rs. 3,400.

For all recommendations report, click here

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

First Published on Aug 11, 2020 06:58 pm