Motilal Oswal has buy call on Laurus Labs with a target price of Rs 430. The current market price of Laurus Labs Ltd. is Rs 357.25.
Laurus Labs Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 19242.56 Crore) operating in Pharmaceuticals sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1138.84 Crore, up 16.89 % from last quarter Sales of Rs 974.32 Crore and up 59.85 % from last year same quarter Sales of Rs 712.42 Crore Company reported net profit after tax of Rs 242.27 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 32.1 per cent stake in the company as of Sept 30, 2020, while FIIs held 20.7 per cent, DIIs 6.3 per cent and public and others 40.8 per cent.
