Sell Dr. Reddy’s Laboratories Limited and Buy Mahindra & Mahindra Limited

bs

Sell Dr. Reddy’s Laboratories Limited:

 

Dr._Reddy's_Laboratories

 

Dr. Reddy’s Laboratories Ltd has officially announced a consolidated sales of Rs. 4,896.70 Cr for the third quarter finished on 30-09-2020, which is 10.85% up from its previous quarter sales of Rs. 4,417.50 Cr and 2.00% up from its previous year same quarter sales of Rs. 4,800.80 Cr. The company has reported a net profit after tax of Rs. 764.50 Cr in the previous quarter.

Outlook:

Dr. Reddy’s Laboratories Ltd: Experts suggested Sell call at current market price: Rs. 4,426.95 with a target price: Rs. 4,200; stoploss: Rs. 4,480.

Buy Mahindra & Mahindra Limited:

Mahindra & Mahindra Limited

Mahindra & Mahindra Limited has officially announced consolidated sales of Rs. 21,625.95 Cr for the second quarter finished on 30-09-2020, which is 20.09% up from its previous quarter sales of Rs. 23,566.75 Cr and 25% down from its previous year same quarter sales of Rs. 25,019.86 Cr. The company has reported a net profit after tax of Rs. 527.59 Cr in the previous quarter.

Outlook:

Mahindra & Mahindra Limited: Experts suggested buy call at current market price: Rs. 858.1 with a target price: Rs. 880; stoploss: Rs. 840.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

Leave a Reply

Your email address will not be published. Required fields are marked *