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Last Updated : Nov 30, 2015 03:26 PM IST | Source: CNBC-TV18

Buy Dr Reddy's Lab, may test Rs 3600-3800: Simi Bhaumik

Simi Bhaumik of simibhaumik.com is of the view that one may buy Dr Reddy's Laboratories as the stock may test Rs 3600-3800.

Simi Bhaumik of simibhaumik.com told CNBC-TV18, "Dr Reddy's Laboratories is looking weak on technical parameters but my target is Rs 3,000 for short-term. If you get around Rs 3,000 I think at least half of your holding - if you are willing to buy 50 shares you can buy 25 shares over there or even at these levels; because downside may not be over but downside is much less."

"Going forward I am expecting a target of Rs 3,600 to 3,800 over short to medium-term. So, at these levels around Rs 3,100 or 3,050 I would say you can go ahead and buy at least 50 percent of your – means if you are willing to buy 50 shares then you can buy 25 shares here," she said.

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First Published on Nov 30, 2015 03:26 pm
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