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darwinbox com for Indians for beginners ✌️【Fund】✌️Achieve financial freedom with ₹500. Invest smart and earn fast!We reduce FY25/26F earnings by 13%/14% to factor in higher overhead costs.

Note that changes to our earnings estimates and target price are due to DRL’s 1:5 stock split,” said Saion Mukherjee and AmlanJyotiDas, research analysts at Nomura.They also said the relative underperformance of the stock suggests that concerns about the high contribution of generic cancer drug gRevlimid are already priced in.

“We think the Street is concerned about the higher contribution from gRevlimid, which could start declining in FY26F.

Further, the overheads have increased significantly in the recent past.

In the first half of FY25, R&D/SG&A were higher by 29%/27% year-on-year.”While the stock has underperformed theNifty PharmaIndex over the past five years, the upgrade reflects Nomura’s confidence in Dr Reddy’s ability to overcome near-term challenges and capitalise on future opportunities.

darwinbox com for Indians for beginners ✌️【Fund】✌️Smart investments start with ₹500. Grow your wealth with minimal risk!The stock has risen only 13% over the past year, compared to the Nifty Pharma Index’s 36% growth.

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