Dr Reddys Laboratories Ltd
DRREDDY

3,186.40

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Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

3,186.45

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

3,210.00

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Buy
Reco. Price
Rs 3178.70

Last updated on 05-Dec-2016

We recommend BUY on the stock on account of expected increase in volume of medicines globally. Also expenditures on health systems will provide growth in pharmerging markets. We target stock to trade at a P/E of 40x in FY17E. (Target Price: Rs.3600)
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50 DMA (.)
3,171.05
100 DMA (.)
3,163.05
200 DMA (.)
3,138.38
Weekly Range (.)
3,118.55
3,241.55
Monthly Range (.)
3,075.35
3,354.95
52 Weeks Range (.)
2,750.05
3,689.85
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