Moneycontrol Be a Pro
Get App
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 is of the view that one may buy Dr Reddy's Laboratories as the stock may test Rs 3600-3800.

Simi Bhaumik of 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.

LIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE.
First Published on Nov 30, 2015 03:26 pm
Follow us on
Available On