Buy Dr. Reddy\'s Laboratories\, target price Rs 5150: ICICI Direct

Buy Dr. Reddy's Laboratories, target price Rs 5150: ICICI Direct

Buy Dr. Reddy's Laboratories, target price Rs 5150: ICICI Direct
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Synopsis

Dr. Reddy's Laboratories Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 73906.98 Crore) operating in Pharmaceuticals sector.

Agencies
Promoters held 26.8 per cent stake in the company as of June 30, 2020, while FIIs held 26.7 per cent, DIIs 29.3 and public and others 14.6 per cent

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ICICI Direct has given buy rating to Dr. Reddy's Labs with a target price of Rs 5150. The share price moved up by 0.02 per cent from its previous close of Rs 4443.20. The stock’s last traded price is Rs 4444.10.
Dr. Reddy's Laboratories Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 73906.98 Crore) operating in Pharmaceuticals sector.

Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 4417.50 Crore, down 0.32 % from last quarter Sales of Rs 4431.80 Crore and up 14.93 % from last year same quarter Sales of Rs 3843.60 Crore. The Company reported net profit after tax of Rs 586.90 Crore in latest quarter.

Investment Rationale
Pharma stocks have shown significant outperformance vis-à-vis the index and stocks like Dr Reddy’s have been quite range bound in recent days. The stock has shown significant resilience in intermediate market corrections and no major delivery based selling was seen. The price distribution is also suggesting limited downside movements in the stock. The lowest reading for stock is in the -2% to -3% range.

From a delivery perspective, the last couple of weeks saw below average delivery as the stock has been consolidating in a range. However, the Z score has started moving up, indicating increased delivery volume along with recent upsides suggesting strong hands are accumulating the stock.

Promoter/FII Holdings
Promoters held 26.8 per cent stake in the company as of June 30, 2020, while FIIs held 26.7 per cent, DIIs 29.3 and public and others 14.6 per cent

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Buy Dr. Reddy\'s Laboratories\, target price Rs 5150: ICICI Direct

Tirupati Temple Received 50 Crore But Cannot Use it As Devotees Continue to Offer Demonetised Notes
1-MIN READ

Tirupati Temple Received 50 Crore But Cannot Use it As Devotees Continue to Offer Demonetised Notes

A deevotee at the Tirumala temple.(News18)

A deevotee at the Tirumala temple.(News18)

The TTD chairman said that the temple could not stop the devotees from offering old notes as it is linked with their faith and religious sentiments.

  • Last Updated: September 16, 2020, 12:04 PM IST

The world famous Tirupati temple in Andhra Pradesh is awash with Rs 50 crore demonetised cash offerings, which it continued to receive from the devotees, but could not utilise.

"Though the Central government had demonetised Rs 1,000 and Rs 500 notes on November 8, 2016, devotees continued to offer demonetised notes," said a TTD official.

As a result, the temple in southern Andhra Pradesh received 1.8 lakh notes of Rs 1,000, amounting to Rs 18 crore, and 6.34 lakh notes of Rs 500, amounting to Rs 31.7 crore. All the offered demonetised notes amounted to a total of around Rs 50 crore.

Though replete with old cash, Tirupati, one of the richest temples in the world, could not make use of it as scrapped notes have stopped being a legal tender for four years already.

Unable to monetise the huge amount of delegitimised cash, Tirumala Tirupati Devasthanams (TTD) Chairman, Y.V. Subba Reddy, has requested Union Finance Minister Nirmala Sitharaman to enable the temple to deposit the old money with the Reserve Bank of India (RBI) or any other commercial one to monetise that amount.

"Once monetised, TTD will use it to fund several spiritual and welfare activities," the official said.

Regarding the old notes, TTD had already written to the Union Finance Ministry and the RBI in 2017 but did not receive a favourable response.

"As this issue is linked to the faith and sentiments of the devotees, Reddy requested Sitharaman for a favourable outcome, enabling the temple to deposit the money with the RBI or any other bank," the official said.

Reddy has asked the Finance Minister for favourable instructions in that direction.

The TTD chairman said that the temple could not stop the devotees from offering old notes as it is linked with their faith and religious sentiments.

TTD is a conglomeration of 12 temples and their sub-shrines. It employs 14,000 people. Spread over 16.2 acres, the main Tirumala temple is dedicated to Lord Sri Venkateswara, also known as Srinivasa, Balaji and Venkatachalapati.

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Buy Dr. Reddy\'s Laboratories\, target price Rs 5150: ICICI Direct

CAT 2020 Exam: CAT exam Registration Last Date Extended check details - CAT 2020: कैट परीक्षा के लिए आगे बढ़ी आवेदन की अंतिम तारीख, जानिए अब कब तक कर सकते हैं अप्लाई | Education News in Hindi

CAT 2020: कैट परीक्षा के लिए आगे बढ़ी आवेदन की अंतिम तारीख, जानिए अब कब तक कर सकते हैं अप्लाई

CAT 2020 Exam: CAT 2020 परीक्षा के लिए पंजीकरण की अंतिम तारीख 23 सितंबर तक बढ़ा दी गई है.

CAT 2020: कैट परीक्षा के लिए आगे बढ़ी आवेदन की अंतिम तारीख, जानिए अब कब तक कर सकते हैं अप्लाई

CAT 2020: कैट परीक्षा के लिए आगे बढ़ी आवेदन की अंतिम तारीख.

नई दिल्ली:

CAT 2020 Exam: IIM इंदौर, इस साल CAT 2020 का संचालन करने वाली अथॉरिटी ने CAT 2020 परीक्षा के लिए पंजीकरण की अंतिम तारीख 23 सितंबर तक बढ़ा दी है. अब उम्मीदवार 23 सितंबर तक CAT के लिए पंजीकरण फॉर्म भर सकते हैं. कैट 2020 परीक्षा के लिए आवेदन करने की अंतिम तारीख पहले 16 सितंबर थी, लेकिन अब इसे बढ़ाकर 23 सितंबर कर दिया गया है. कैट रजिस्ट्रेशन विंडो शाम 5 बजे तक खुली रहेगी. रजिस्ट्रेशन की प्रक्रिया समाप्त होने के बाद उम्मीदवारों को अपने फॉर्म में करेक्शन करने का मौका दिया जाएगा, जिसमें वह अपनी सहूलियत के हिसाब से परीक्षा के लिए शहर बदल सकेंगे, फोटोग्राफ और सिग्नेचर में बदलाव कर सकेंगे. ग्रेजुएशन में 50 फीसदी अंक प्राप्त करने वाले और ग्रेजुएशन के फाइनल ईयर के छात्र भी CAT 2020 परीक्षा के लिए आवेदन कर सकते हैं. 

यह भी पढ़ें

CAT 2020 Registration: ऐसे करें आवेदन

- सबसे पहले उम्मीदवार आधिकारिक वेबसाइट iimcat.ac.in पर जाएं. 
- इसके बाद लॉग इन क्रेडेंशियल जनरेट करने के लिए “new candidates registration” पर  क्लिक करें. 
- अब अपना CAT 2020 का एप्लिकेशन फॉर्म भरें और अपने डॉक्यूमेंट्स अपलोड करें. 
- एप्लिकेशन प्रक्रिया को पूरा करने के लिए अंत में एप्लिकेशन फीस जमा करनी होगी.

IIM इंदौर ने CAT पंजीकरण के लिए फीस बढ़ा दी है. जनरल कैटेगरी के उम्मीदवारों को अब कैट की परीक्षा 2020 के लिए फीस 2000 रुपये देनी होगी, जबकि आरक्षित श्रेणी के उम्मीदवारों को 1000 रुपये फीस देनी होगी. कैट पंजीकरण शुल्क का भुगतान ऑनलाइन मोड में डेबिट / क्रेडिट कार्ड या नेट बैंकिंग के माध्यम से किया जा सकता है. 

Listen to the latest songs, only on JioSaavn.com

CAT 2020 परीक्षा के लिए आवेदन करने वाले उम्मीदवारों के पास बैचलर डिग्री में कम से कम 50 फीसदी नंबर होने चाहिए. एससी, एसटी और पीडब्ल्यूडी उम्मीदवारों के लिए आवश्यक अंक 45% हैं. उम्मीदवार जो बैचलर डिग्री की फाइनल ईयर में हैं और जो लोग डिग्री पूरी कर चुके हैं और अपने रिजल्ट का इंतजार कर रहे हैं वे भी इस परीक्षा के लिए आवेदन कर सकते हैं. 

इस साल इंडियन इंस्टीट्यूट ऑफ मैनेजमेंट और अन्य  संस्थानों में एडमिशन के लिए एंट्रेंस एग्जाम IIM इंदौर द्वारा आयोजित किया जा रहा है. CAT 2020 के लिए योग्य उम्मीदवार आधिकारिक वेबसाइट के माध्यम से परीक्षा के लिए 23 सितंबर  तक आवेदन कर सकते हैं. 

अन्य खबरें
 

Buy Dr. Reddy\'s Laboratories\, target price Rs 5150: ICICI Direct

Sanjay Dutt And Maanayata Are "Enroute Life" - See Pic From Plane

Sanjay Dutt And Maanayata Are "Enroute Life" - See Pic From Plane

It has been reported that the couple left for Dubai to meet their kids Shahraan and Iqra

Sanjay Dutt And Maanayata Are 'Enroute Life' - See Pic From Plane

Maanayata shared this photo. (Image courtesy: maanayata )

Highlights

  • Maanayata shared a picture from a flight on Wednesday
  • "Enroute life," she captioned the photo
  • Maanayata was living in Dubai with their kids during the lockdown
New Delhi:

Sanjay Dutt's wife Maanayata shared a picture of themselves from a flight on Wednesday. It has been reported that the duo left for Dubai to meet their kids Shahraan and Iqra. Maanayata was living in Dubai with their kids during the lockdown. She returned to Mumbai last month after the actor, who is currently undergoing medical treatment, announced a "short break from work" but more on that later. According to a Times Of India report, Sanjay Dutt and Maanayata took a chartered flight to Dubai on Tuesday. "Sanjay is doing well, and is expected back home in just a week or 10 days. He wanted to see his twins, who are still in Dubai," the publication quoted a source as saying.

Take a look at the aforementioned picture of Maanayata and Sanjay Dutt, the caption on which read: "Enroute life."

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Screenshot of Maanayata's Instagram story.

Maanayata also shared a glimpse of a special treat that they received in the flight.

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Screenshot of Maanayata's Instagram story.

Sanjay Dutt was hospitalised last month after he complained of breathlessness. The actor announced on August 11 that he would be taking a break from work for medical treatment. After his post, Maanayata issued a statement, in which she said: "I thank everyone who has expressed their well wishes for Sanju's speedy recovery. We need all the strength and prayers to overcome this phase... Sanju has always been a fighter, and so has our family. God has yet again chosen to test us to overcome the challenges ahead."

Read Sanjay Dutt's post here:

A post shared by Sanjay Dutt (@duttsanjay) on

Since August, Sanjay Dutt has visited Mumbai's Kokilaben Hospital a few times for his treatment. He was also pictured at Yash Raj Films studios in Mumbai few days ago. He has reportedly resumed the shoot for his upcoming film Shamshera.

The actor was last seen in Sadak 2, which released last month on Disney+Hotstar. Other than Shamshera, his upcoming films are KGF: Chapter 2, Torbaaz, Bhuj: The Pride Of India and Prithviraj.

Buy Dr. Reddy\'s Laboratories\, target price Rs 5150: ICICI Direct

Nagpur Municipal Corporation nod must for private hospitals to admit walk-in patients | Nagpur News - Times of India

Nagpur Municipal Corporation nod must for private hospitals to admit walk-in patients

Representative image
NAGPUR: The Nagpur Municipal Corporation (NMC) has come down heavily on private hospitals, directing them to immediately stop admitting walk-in non-critical patients, and provide real-time data on vacant beds. The civic body has warned it would cancel registration and register offences under Indian Penal Code (IPC) against hospitals flouting the order.
Meanwhile, the NMC’s health department, on Tuesday, issued an order to all city hospitals having more than 10 beds to treat Covid-19 patients. “No hospital should deny any Covid-19 patient coming for treatment to their respective hospital/nursing home. All hospitals having more than 10 beds are being designated as dedicated Covid hospitals (DCHC),” reads an order issued by Dr Sanjay Chilkar, health officer of NMC.
TOI has reported on hardship faced by Covid-19 patients and their family members in finding a bed at government as well as private hospitals. Officials said a major reason behind this was that information regarding vacant beds was not being updated frequently. Also, private hospitals were allowing walk-in patients, due to which vacant beds would get occupied without the knowledge of the civic body.
On Tuesday, municipal commissioner Radhakrishnan B issued an order that admission of all patients should be only through NMC’s control room. “Hospitals cannot admit Covid patients without telephonic consent of the civic body. If a patient is critical and needs urgent treatment, hospitals can admit him, but they need to inform the control room about such admission and also update it on the portal within one hour,” the order stated.
This is being done to ensure real-time data of vacant beds is available with NMC, so citizens can be provided accurate information. “A non-critical patient has the privilege of time, and he should call the helpline desk for admission. If a hospital is found admitting a non-critical patient without NMC’s consent, we will take strict action,” said additional commissioner Jalaj Sharma.
NMC has received many complaints from citizens regarding private hospitals denying admissions. The civic chief has directed that all hospitals should ensure 80% of their beds reserved for Covid-19 under the government rule are fully utilized at the regulated rates. “Hospitals should not charge beyond the prescribed rates,” officials said.
TOI has also highlighted many such complaints. Recently, the paper reported discrepancy in number of beds available and numbers displayed on the NCM portal. “Private hospitals are not updating real-time data of admissions and bed availability, which is causing extreme hardship and psychological trauma to patients and their kin,” Radhakrishnan said, adding that this has also affected the health of some patients.
Meanwhile, mayor Sandip Joshi has instructed NMC officials to issue notices to all 637 private hospitals in city to make them treat Covid patients. According to him, each hospital will have to reserve at least 5 beds for Covid patients and those who do not comply might face cancellation of licenses.
Joshi further said that hospitals unable to reserve beds should provide manpower to NMC and government medical colleges. “NMC has 200 beds but due to insufficient manpower it is not able to provide services. IGGMCH can treat 300 more patients and GMCH can treat 100 more patients if they get manpower. Private hospital owners should behave altruistically and offer services to government hospitals,” he said.
The mayor held a meeting with representatives of Indian Medical Association (IMA) and Vidarbha Hospitals Association (VHA) wherein he highlighted that number of Covid-19 cases has risen exponentially this month, leading to extreme shortage of beds.
State government has also taken cognisance of excess bills being issued to Covid patients by private hospitals. The chief secretary has issued a directive to NMC, and the latter has constituted a pre-audit committee to vet bills of private hospitals. Additional municipal commissioner Jalaj Sharma said hospitals which charge more than prescribed NMC rates will be strictly dealt with.

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