Neat & Clean Breakout in Dr. reddy's lab Target 20-25% from here

Apr 14, 2023

Dr. Reddy's Laboratories Ltd is a leading India-based pharamceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations.

Market Cap
₹ 80,814 Cr.
Current Price
₹ 4,853
High / Low
₹ 4,920 / 3,788
Stock P/E
22.2
Book Value
₹ 1,248
Dividend Yield
0.62 %
ROCE
14.1 %
ROE
11.5 %
Face Value
₹ 5.00
Debt
₹ 1,729 Cr.
EPS
₹ 219
PEG Ratio
2.01
Promoter holding
26.7 %
Intrinsic Value
₹ 2,359
Pledged percentage
0.00 %
EVEBITDA
12.8


PROS

Company has reduced debt.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 21.6%

CONS

Stock is trading at 3.89 times its book value
The company has delivered a poor sales growth of 8.70% over past five years.
Company has a low return on equity of 12.2% over last 3 years.


Well i have done my analysis, Seen neat and clean Breakout (Price and action), MACD bullish crossover, 200EMA all giving buy signal in Dr. Reddy' Lab. i am expecting 20-25% returns safe next 3 to 6 months. If anyone wants to go long can go from given levels on chart.
Please follow strict stop loss.

If anyone really like my work please like and follow me, and also comment me your thoughts also.
Thankyou.:-))