Buy Laurus Labs: target of Rs 450: Sharekhan

Sharekhan is bullish on Laurus Labs has recommended buy rating on the stock with a target price of Rs 450 in its research report dated March 10, 2021.

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Sharekhan’s research report on Laurus Labs

Formulations business on a strong footing to grow backed by opportunities in the US while diversification to non ARV areas – anti diabetics and cardiology to fuel API growth. Sturdy growth prospects, visibility on earnings, healthy return ratios and low debt-equity are the key positives. Over a long term horizon of 3-5 years, Laurus has charted out its growth trajectory encompassing all segments & management aspires grow its revenues beyond $ 1bn in size.

Outlook

We retain a Buy recommendation on Laurus Labs Limited (Laurus) with a revised PT of Rs. 450.

For all recommendations report, click here

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