Espresso Shot of the Day – Dr Lal PathLabs Ltd. up by 6.67 percent

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Espresso Shot of the Day – Dr Lal PathLabs Ltd. up by 6.67 percent

November 26, 2021
Espresso Shot of the Day – Dr Lal PathLabs Ltd. up by 6.67 percent

Dr Lal PathLabs Ltd. 3655.40 (+6.67%) BSE – INE600L01024 | Nov 26, 2021

They focus on providing their patients quality diagnostic healthcare services in India. Through their network, they offer patients convenient locations for their diagnostic laboratory services and efficient service. With 5000+ diagnostic tests and related healthcare tests and services offered, they believe they are capable of performing substantially all of the diagnostic healthcare tests and services currently prescribed by physicians in India. By delivering the most accurate reports over the years, Dr Lal PathLabs has earned the reputation of being amongst the most trustworthy and reliable pathology labs in India.

Recent Drivers

  • On Oct 27, 2021, the company announced the acquisition of Mumbai-based Suburban Diagnostics in a deal that gives them scale in one of the key markets in India.
  • On Oct 26, 2021, the company reported 10.6% increase in its consolidated profit after tax (PAT) at Rs 96.3 crores for the second quarter ended Sept 30.
  • On Oct 26, 2021, it was reported that the operating revenue of the company increased by 15.4% in Q2 FY22 to Rs 498.4 crores as compared to Rs 431.9 crores in Q2 FY21.
  • On Sep 13, 2021, it was reported that the company has risen more than 78% year-to-date and now trades near fresh highs.
(Source: Business Standard, Livemint)


Technical Force*

  • S&P BSE 200 month till date gain up by 2.94%
  • 3 months avg. NSE volume: 2,10,758
  • Quantity traded: 45,245 | Deliverable quantity: 17,107 (37.81%)
  • Stock price has jumped more than 70% from one-year-low level: 2106.05 (Dec 21, 2020)
  • Daily RSI (14) is nearby Oversold territory today
  • 52-week-high: 4243 | 52-week-low: 2106.05


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

 3954.13

3174.57

2740.93

1961.37

1527.73

748.17

314.53

    -

Fibonacci Pivot

3174.57

2711.12

2424.81

2240.40

1961.37

1682.33

1497.92

1211.61

748.17


Today’s Close

3655.00

SMA

BSE

10 DAY

3555.47

20 DAY

3582.69

50 DAY

3680.40

200 DAY

3240.45


Some Key Ratios (Source: BSE)

Market Cap: 30,465.89 crores

PE: 78.4

OPM%: 31.53

ROE%: 29.13

Promoters holding%: 55.23

Prev. Close: 3426.85

*Chart and Technical Force data from the Binge desktop app
References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.