The Economic Times
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| 06 April, 2021, 02:37 AM IST | E-Paper
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    Dr Reddy's strong product pipeline and other factors that make it stock pick of the week

    Synopsis

    DRL continues to generate free cash flows (FCFs) due to strongholds in some legacy drugs. Its lower valuation compared to its peers and strong balance sheet, are the other factors that have made the company a favourite of analysts.

    Dr Reddy’s Lab (DRL) has reported a decent set of numbers for the third quarter of 2020-21. Its aggregate revenue grew 12% y-o-y; with domestic, US and Europe revenues growing by 26%, 9% and 34% respectively. However, these numbers were lower than the street expectations which led to its share price fall. Analysts say that this lower price is offering a good entry point to this counter. Several short-term catalysts, which can drive growth in
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