Buy Dr Reddy’s Laboratories Limited:

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 net profit after tax of Rs. 764.50 Cr in the previous quarter.

Outlook:

Dr Reddy’s Laboratories Ltd: Experts suggested buy call at current market price: Rs. 4,516.00 with a target price: Rs. 4,651; Stoploss: Rs. 4,470.

Buy Colgate-Palmolive (India) Limited:

Colgate-Palmolive (India) Ltd has officially announced consolidated sales of Rs. 1,241.81 Cr for the third quarter finished on 31-12-2020, which is -3.96% down from its previous quarter sales of Rs. 1,293.05 Cr and 7.71% up from its previous year same quarter sales of Rs. 1,152.97 Cr. The company has reported net profit after tax of Rs. 248.36 Cr in the previous quarter.

Outlook:

Colgate-Palmolive (India) Ltd: Experts suggested buy call at current market price: Rs. 1,559.35 with a target price: Rs. 1,775; Stoploss: Rs. 1,552.

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