Profit

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NSE
2556.25
Change Change %
-50.85 -1.95%

Updated:21 Sep, 2018, 15:58 PM IST

BSE
2562.90
Change Change %
-40.75 -1.57%

Updated:21 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nirmal Bang
N/A
27-07-2016 Buy 3016.05 3950.00
N/A
Closed Long (1Y)
27-07-2017

Nirmal Bang maintains buy on Dr Reddy's Laboratories

Dr Reddy's Lab's net earnings of Rs 126 crore for 1QFY17 were significantly below consensus estimate of Rs 489 crore and our estimate of Rs 454 crore. The steep decline in earnings performance was because of larger-than-expected decline in revenues across geographies and business segments, while expenses rose across all heads. We do not view the earnings underperformance as a fundamental problem with DRL's business.

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