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Results: Divi's Lab net profit jumps 25% to Rs 488 cr in March quarter freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Some analysts are turning even more bullish on India’s best-performing large-cap stock in 2020. In just about two weeks, at least four brokerages have raised their price targets on the shares of Divi’s Laboratories Ltd. one of the top producers of active pharmaceutical ingredients with Jefferies India Pvt.’s estimate of an almost 20% gain over the next 12 months being the most bullish in data compiled by Bloomberg. The optimism is stemming from the company’s capacity-expansion plans and potential to win more business as India cuts its reliance on Chinese suppliers. Capital discipline has been one of the hallmarks of this company,” said Siddhant Khandekar, an analyst at ICICIdirect.com. “Divi’s is known for optimum utilization of capital. There must be tangible orders on hand and that is why they are spending.” ....