Technical Analyst, Sudarshan Sukhani expects Ranbaxy to witness a doubling of prices from current levels.

Sukhani told CNBC-TV18, "Ranbaxy is in an uptrend, it is in a bull market of its own. The idea should be that every dip whenever the market corrects and the stock corrects it should be a buying opportunity. We are going to see a doubling of prices from current levels. A time is of course a factor but it is a quite strong probability."

Disclosures: It is safe to assume that analyst & his clients may have an interest in the stocks/sectors discussed above.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	470.40	481.80	11.40	2.42
5-Days	483.85	481.80	-2.05	-0.42
7-Days	458.25	481.80	23.55	5.14
15-Days	435.65	481.80	46.15	10.59
1-Month	453.30	481.80	28.50	6.29
3-Month	395.35	481.80	86.45	21.87
6-Month	430.80	481.80	51.00	11.84
9-Month	357.10	481.80	124.70	34.92
1-Year	345.30	481.80	136.50	39.53