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Dr Reddys Labs may test Rs 750-760: Gujral
2008-05-14 16:39:31 Source : IMW/CNBC-TV18
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Technical Analyst, Ashwani Gujral is of the view that Dr Reddys Laboratories has now got support at around Rs 620 and if it can move above Rs 670, an entirely new move all the way upto Rs 750-760.
Gujral told CNBC-TV18, "Dr Reddys Laboratories has been looking positive for quite some time. It has been in a huge consolidation move for a long time and with Ranbaxy moving up, people are betting that probably something is going to happen in Dr Reddy’s as well. It has now got support at around Rs 620 and if it can move above Rs 670, an entirely new move all the way upto Rs 750-760 is possible but it is off late started showing a lot of strength."
Disclosure: The analyst has long positions on Nifty.
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