Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
2584.15
Change Change %
15.65 0.61%

Updated:18 Sep, 2018, 15:58 PM IST

BSE
2586.95
Change Change %
17.55 0.68%

Updated:18 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Religare
N/A
27-07-2016 Sell 3013.00 2800.00
N/A
Target Hit Long (1Y)
27-07-2017

Religare downgrades Dr. Reddys Laboratories to sell

Religare has downgraded Dr Reddy's Lab to "sell" from "hold" earlier with a target price of Rs 2,800. We slash our target price due to a sharp decline in the US base business, non-renewal of McNeil contract and lower margins. Current valuation at 24 times FY18 estimated earnings remain expensive.

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