madhu2811

REDDYS LABS

Long
madhu2811 Updated   
NSE:DRREDDY   DR REDDYS LABS
Dr. Reddy's Laboratories Ltd is a leading India-based pharamceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations.

Stock is trading at 3.80 times its book value and maintaining a healthy dividend payout of 21.6%

Zero pledging by promoters , Debt to Equity ratio of 0.17

Good Fundamentals , Stock formed Ascending triangle pattern in chart , breakout above 4465 will give good up move as mentioned
Trade active:
4300 to 4600
Trade active:
4300 to 4800
Trade active:
T1 done
Trade active:
All targets hit - Trail Stoploss

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