Laurus Labs Ltd...after Q1 Results

29 ביולי 2021

Laurus labs had good support at 600..today the support was broken ..so in the coming days we see the stock coming around Rs 560/- which is an good opportunity for accumulation for a long term target of Rs 1000/- The company have excellent expansion plans till FY24-25. With coming results for every quarter as capex gets completed its revenue will go up. Management has told that its EBITA margin will be around 30% because there will be an net off of margins between brown field project and green field projects. So, we might not see expansion in margins in coming quarterly results but revenue increase and net margin expansion can be seen. Management have told that its not going to increase its debt to an high levels (will be in limits). So, any fall from current levels will be an excellent opportunity to accumulate this stock for long term investments.