By Admin 
Laurus Labs Share Price Target Motilal Oswal: On the one hand, due to the ongoing dispute in the Middle East, sharp fluctuations are being seen in the stock market. At the same time, growth has been recorded in a company in the pharma sector during this period. Even on Friday’s trading day, shares of Laurus Labs had jumped by about 4 percent.
The most important thing is that brokerage firm Motilal Oswal has also expressed confidence in the company’s shares. Let us know about this…
Brokerage’s outlook and target price
Motilal Oswal has maintained its ‘buy’ rating on company shares and has advised investors to buy it. The brokerage has set a target of Rs 1280 per share.
The firm believes that in the coming time it may see an increase of up to 30 percent, which can become a good opportunity for investors to earn profits.
Business becoming stronger through technology and partnerships
Laurus Labs is continuously working on strengthening its CDMO (Contract Development and Manufacturing Organization) business. The company is engaged in expanding its business relationships with global pharmaceutical companies. Due to which opportunities are being created to work in big projects. Along with this, the company is also increasing its manufacturing capacity and operational scale. So that the increasing demand can be met in a better way in future.
According to brokerage firm Motilal Oswal, Laurus Labs has worked to advance itself in advanced technology in important areas like peptides, cell and gene therapy, fermentation and manufacturing. Due to which there are positive indications regarding the growth of the company in the coming time.
Company’s performance in stock market
There was a rise in the company’s shares on Friday’s trading day on BSE. At the end of the day, the shares closed at Rs 986.75 with a rise of 4.19 percent or Rs 39.65. The intraday high of the day was Rs 990.70. The market cap of the company is Rs 53,270.35 crore.
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