Laurus Labs share price: Anand Rathi maintains Buy rating with target price of Rs 424 per share
Anand Rathi maintains Buy rating on Laurus Labs with a target price of Rs 424 per share. Laurus Lab reported consolidated revenues of Rs 12880 mn showcasing strong growth of 76% for the quarter and Rs 34020 mn for 9M FY21 growing by 71% driven by growth in all the divisions.
Laurus Labs Revenue from Generic API segment showcased the growth of 103% for the quarter (YoY) and 52% for 9M (YoY). The Anti-Viral segment showed robust growth of 165% for the quarter: Reuters