Dr Reddys Lab can give 30-35% return

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Dr Reddys Lab can give 30-35% return

Ambareesh Baliga of Karvy Stock Broking is of the view that Dr Reddys Laboratories can give 30-35% return per annum.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ambareesh Baliga See what other Experts & Brokerages are saying about Dr Reddys Labs See messages about Dr Reddys Labs Dr Reddys Labs BSE | NSE 28/05/12 Are Mutual Funds betting on Dr Reddys Labs?

Ambareesh Baliga of Karvy Stock Broking is of the view that Dr Reddys Laboratories can give 30-35% return per annum.

Baliga told CNBC-TV18, "In midcaps pharma most of them have already moved up decently well. So at this point of time, we are suggesting people to start buying Dr Reddy's, which hasn't done too well in the recent past, but then looking at the next two year's story, we feel that a stock like Dr Reddy's should easily give you 30-35% return per annum."