Buy Laurus Labs: target of Rs 800: Sharekhan

Sharekhan is bullish on Laurus Labs has recommended buy rating on the stock with a target price of Rs 800 in its research report dated July 30, 2021.

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Sharekhan’s research report on Laurus Labs

Laurus reported a strong set of results for the quarter, but the numbers missed estimates due to lower-than-expected API sales. Sales and PAT grew by 31.2% and 40.6% YoY. All of Laurus’ businesses have a robust growth outlook, backed by robust demand environment and well supported by capacity expansion plans. Emerging opportunities from patent expiry of drugs in areas of anti-diabetes and cardiology offer significant potential for Laurus. Strong topline growth prospects, visibility on earnings and healthy return ratios and low debt-equity are the key positives.

Outlook

We retain a Buy recommendation on the stock of Lauras Labs (Laurus) with a revised PT of Rs. 800.

For all recommendations report, click here

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