Jefferies analyst Alok Dalal maintained a Sell rating on Alkem Laboratories Ltd. (ALKEM – Research Report) yesterday and set a price target of INR4,580.00. The company’s shares closed today at INR4,708.60.
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According to TipRanks, Dalal is a 2-star analyst with an average return of 1.7% and a 33.33% success rate.
Currently, the analyst consensus on Alkem Laboratories Ltd. is a Hold with an average price target of INR5,468.75.
Based on Alkem Laboratories Ltd.’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR30.32 billion and a net profit of INR5.45 billion. In comparison, last year the company earned a revenue of INR29.68 billion and had a net profit of INR2.87 billion