Motilal Oswal has buy call on with a target price of Rs 470. The current market price of Laurus Labs Ltd. is Rs 358.3.
Laurus Labs Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 19403.54 Crore) operating in Pharmaceuticals sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 1295.35 Crore, up 13.23 % from last quarter Total Income of Rs 1143.96 Crore and up 77.08 % from last year same quarter Total Income of Rs 731.51 Crore. Company reported net profit after tax of Rs 272.85 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 46.9 per cent stake in the company as of Dec 30, 2020, while FIIs held 19 per cent, DIIs 21.4 per cent and public and other 12.8 per cent.
