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KRChoksey Research Report
Investment period: six months. Research idea: Fundamental
Dr Reddy's Laboratories Ltd. - The company has recently got an U.S. Food and Drug Administration approval to market generic of blockbuster Revlimid (Lenalidomide) for 2.5 mg and 20.0 mg strengths and tentative approvals for 5 mg, 10 mg, 15 mg and 25 mg strengths in the U.S.
Dr. Reddy's is likely to sell limited quantity of the approved drugs between FY23-FY26 in the U.S. The company has launched Lenalidomide in Canada in Q2FY22.
Mindtree Ltd. - Mindtree continues to stay focused on the 4x4x4 strategy and believes that sharp focus on the service lines leads to improvement in capabilities and success in digital business and has successfully de-risked itself by lowering its exposure to its largest client (Microsoft), down to ~25% of revenue from 30% at the peak.
ICICI Securities Ltd. - ICICI Securities is expected to increase its market share across its diverse segments on account of technology adoption and customer oriented product services. We estimate revenue / profit after tax both to grow at 24% during FY21-23E, respectively.
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