Dr Reddys Lab can touch Rs 817

Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about Dr Reddys Labs See messages about Dr Reddys Labs Dr Reddys Labs BSE | NSE 10/02/12 Are Mutual Funds betting on Dr Reddys Labs?

Technical Analyst, Rajat Bose is of the view that Dr Reddys Laboratories can touch Rs 817.

Bose told CNBC-TV18, "The crucial level to watch out for Dr Reddys Laboratories would be Rs 747. Once Rs 747 is crossed then this stock will actually show a very strong swing because last three months or even more it was very flat, a range bound kind of a movement hardly any trader interest as such. But let it cross Rs 747 then one will see lot of trader interest coming in and it is likely to move up. In that case the technical target of about Rs 817 can be met but this is an interim target. If there is an upswing from here and a strong upswing maybe further higher levels could be reached."

Disclosure: The Nifty and Bharti, I continue to advice on a regular basis. So, I would be having a vested interest in them.