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

Buy Dr Reddy's Laboratories, says Ashu Madan

Ashu Madan of Religare Securities is of the view that one may buy Dr Reddy's Laboratories.

Ashu Madan of Religare Securities told CNBC-TV18, "In Dr Reddy's Laboratories I think worry has given us an opportunity to buy because if you look at the overall fundamentals they are well in place, they are totally intact. However, this kind of kneejerk reaction is honestly for a long-term buyer is a very good buy. So, things can go wrong from these levels also but I would say that the shift or the tilt is towards buy."

He further added, "One can certainly buy this stock with a stoploss and probably I still feel that in times to come we might see a level of Rs 3,800 to 3,800 plus. So, certainly a buy, nothing has gone wrong with fundamentals, obviously there is a fear, so this reaction has certainly given us the opportunity."

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First Published on Nov 30, 2015 03:26 pm
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