Dr Reddys Laboratories Ltd
DRREDDY

2,613.25

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

2,622.10

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

2,613.05

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Reduce
Reco. Price
Rs 2628.10
We recommend Reduce on the stock on account of delays in obtaining ANDA approvals and pricing pressure in the US market. Also, we expect increase in company’s R&D cost in FY18E. The stock trades at a P/E multiple of 36.97x FY18E. (TP- Rs.2450)
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50 DMA (.)
2,876.98
100 DMA (.)
3,002.36
200 DMA (.)
3,092.70
Weekly Range (.)
2,615.00
2,649.05
Monthly Range (.)
2,555.20
2,948.80
52 Weeks Range (.)
2,555.20
3,689.85
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