
Samco Recommendations
June 5, 2025 at 06:16 AM
RECOMMENDATION ALERT 🔔
Stock Name: Dr. Reddy's Laboratories Limited
Symbol: DRREDDY
Rating: Buy 🟢
CMP: ₹1286
Stop loss: ₹1030
Duration: 6 Months
Trade Date: 05-06-2025 11:30 AM
Trade Type: Momentum Pick
Name of RA: T Manish
Note: Dr. Reddy's Laboratories Ltd is a leading India-based pharmaceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations.
The company’s D:E stands at 0.14 that because of short term borrowings for working capital requirments. It is trading with a Price-to-Earnings ratio of 19, lower than its industry PE of 33 times and its 5-year Median PE of 23.
It has delivered robust performance in the March 2025 quarter with Revenue from Operations rising by 20% YoY and PAT grew by 22%. Further, the share price is also trading near to its highs. Furthermore, with its recent collaboration - Alvotech to Co-Develop Biosimilar Candidate to Keytruda (pembrolizumab) for global markets has made its growth prospects stronger.
Therefore, one can buy this stock at Rs. 1286 with a stop loss of Rs. 1030
Disclaimer: https://sam-co.in/6j/ Samco Securities Ltd
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