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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Reliance Securities recommends buy on Jyothy Laboratories
Reliance Securities has recommended buy on Jyothy Laboratories for target price of Rs 431. It says the company is focused on improving its direct distribution network and reduce dependence on wholesale trade to drive growth in coming quarters. It expects Jyothy Laboratories to report net sales of Rs 1,920 crore and Rs 2,200 crore and net profit of Rs 210 crore and Rs 260 crore in FY18E and FY19E, respectively.