Jain told CNBC-TV18, "For Dr Reddys Laboratories my targets are about Rs 1,450-1,500 for a longer period of time. If am a trader probably I will wait for a dip because this is the initial buying. But I feel that probably there will be a lot of follow-up buying, which will follow-up from that level, so probably a day or two may go off before you get those levels."
She further added, "It's a good buy at any price for someone who is looking for a safe counter not just to be invested but to trade in. I think looks good. So if your perspective is slightly longer then you can pick up even at the opening prices, which are higher. If you are waiting for a dip and then get into it as a trading call that would also work fine."
At 09:42 hrs the share was quoting at Rs 1,255.40, up Rs 24.10, or 1.96% with volumes of 9,622 shares. Market capitalisation stands at Rs 21,194.29 crore.
