Buy Laurus Labs: target of Rs 750: Sharekhan

Sharekhan is bullish on Laurus Labs has recommended buy rating on the stock with a target price of Rs 750 in its research report dated July 01, 2021.

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Sharekhan’s research report on Laurus Labs

FY2021 was a stellar year for Laurus Labs and in its FY21 annual report, management has laid a higher emphasis on sustainable growth and has accordingly charted out growth strategies. The company’s key focus areas for sustainable growth include – leveraging cost advantages in API business to integrate into fixed dosages, develop synthesis business, capitalise on leadership in select high-growth APIs, expansion of API portfolio to other therapeutic areas and lastly, ESG integration. Robust growth prospects, sturdy capex, likely market share gains would support the management’s target of achieving a topline of $ 1 billion in the next two years.

Outlook

We retain Buy recommendation on Laurus Labs with a revised PT of Rs 750, backed by strong growth prospects, visibility on earnings, healthy return ratios.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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