Expert Pick: Vaishali Parekh Recommends Buying Dr. Reddy’s Lab for 11% Gains

Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, recommends buying Dr. Reddy’s Lab stock this week. She has set a target price of ₹6,500, predicting a potential upside of 10.73%.

“The stock has corrected well and consolidated around the ₹5,700 level, forming a good base. We expect a strong bounce back,” said Parekh.


She advises buying and accumulating Dr. Reddy’s stock with a stop loss at ₹5,650. Dr. Reddy’s shares were trading 1.29% higher on Thursday, closing at ₹5,899.40.

Dr. Reddy’s Laboratories Ltd., established in 1984, is a major player in the Pharmaceuticals sector with a market cap of ₹96,680.36 crore. For the quarter ending March 31, 2024, the company reported a total income of ₹7,311.30 crore and a net profit of ₹1,306.30 crore.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​

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