We can plan for longs in DRREDDY for the target of 6%As I have explained in the video there is a demand zone from where DRREDDY can take support and make a move of 6% towards the upside
Next report date
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EPS estimate
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Revenue estimate
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64.00 INR
55.68 B INR
279.16 B INR
609.83 M
About DR. REDDY S LABORATORIES
Sector
CEO
Erez Israeli
Headquarters
Hyderabad
Website
Founded
1984
ISIN
INE089A01031
FIGI
BBG000CQNBN3
Dr. Reddy's Laboratories Ltd. engages in the manufacture and marketing of pharmaceutical products. It operates through the following segments: Global Generics, Pharmaceutical Services and Active Ingredients, and Others. The Global Generics segment consists of manufacturing and marketing of prescription and over-the-counter finished pharmaceutical products ready for consumption by the patient, marketed under a brand name or as generic finished dosages with therapeutic equivalence to branded formulations. The Pharmaceutical Services and Active Ingredients segment focuses on manufacturing and marketing of active pharmaceutical ingredients and intermediates, also known as API, which are the principal ingredients for finished pharmaceutical products. The Others segment includes the operations of the subsidiary of the company. The company was founded by Kallam Anji Reddy on February 24, 1984 and is headquartered in Hyderabad, India.
Dr Reddy parallel channel view- ascending parallel channel
- touched the bottom line
- may consider when the reversal candle is form
- during market correction this stock reached the fib retracement 61.8 at the level of 1235 from its all-time heigh.
This analysis is my own idea.
I don't recommend taking trade based on this id
Dr Reddy is Ready to fly in blue sky, Short term Trading Idea .I hope you all will be doing good in your life and your trading as well. I have brought a stock which has formed a pull back pattern and taken support at previous breakout zone. Stock name is Dr. Reddy's Laboratories Ltd and it is a leading India-based pharmaceutical company which offers a portfolio
DRREDDY gearing up for 7000DRREDDY CMP 6754
Harmonic Pattern and the wave counts pointing towards 7K
DRREDDY 3rd of 5th underwayDRREDDY CMP 6715 TF 75 minutes..
The stock as moved well from June 2024 lows.. Currently 5th wave up is in progress, and it seem to have completed 1 and 2 of 5th.. third underway.. Wave 5 targets are 7035 (Wave 1 = wave 5) and extended target is placed at 7400.. either case, we have a decent 200-30
Dr Reddy moving in channel | Favourable R2RPrice moving in channel; at support now. Can enter trade.
buy at 6583
SL 6448
Target ATH - 7076
Upside: 7076/6583 = 7.5%
Downside = (6583-6448)/6583 = 2%
Risk to reward : 3.7
Just an idea
Drreddy is now ready for 7200-7500DrReddy was holding well today and I think it has recovered good from bottom.
I think stock is now ready to make new high of 7000, 7200 then 7500 by Nov end.
Keep SL below the horizontal line marked.
Dr Reddy Cmp 6750 Trendline BODr Reddy Cmp 6750 dated 27-9-2024
1.Trendline BO @ 6750
2. RSI BO
Buy above 6760 target 6800-6850-6900-6950-7025 SL 6650
It is just a view, please trade at your own risk.
Drreddy Lab impulse upMoving in impulse wave up...
of which wave 1 and 2 completed
and wave 3 has started..
downside support 6250--6100
upside potentials 6500--6800 (1.618 fib level 6812)
See all ideas
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Frequently Asked Questions
The current price of DRREDDY is 1,194.80 INR — it has increased by 1.73% in the past 24 hours. Watch DR.REDDYS LABORATORIES LTD. stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on BSE exchange DR.REDDYS LABORATORIES LTD. stocks are traded under the ticker DRREDDY.
DRREDDY stock has fallen by −5.75% compared to the previous week, the month change is a −10.08% fall, over the last year DR.REDDYS LABORATORIES LTD. has showed a 5.55% increase.
We've gathered analysts' opinions on DR.REDDYS LABORATORIES LTD. future price: according to them, DRREDDY price has a max estimate of 1,655.00 INR and a min estimate of 1,070.00 INR. Watch DRREDDY chart and read a more detailed DR.REDDYS LABORATORIES LTD. stock forecast: see what analysts think of DR.REDDYS LABORATORIES LTD. and suggest that you do with its stocks.
DRREDDY reached its all-time high on Aug 21, 2024 with the price of 1,420.20 INR, and its all-time low was 61.30 INR and was reached on May 9, 2005. View more price dynamics on DRREDDY chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
DRREDDY stock is 3.31% volatile and has beta coefficient of 0.73. Track DR.REDDYS LABORATORIES LTD. stock price on the chart and check out the list of the most volatile stocks — is DR.REDDYS LABORATORIES LTD. there?
Today DR.REDDYS LABORATORIES LTD. has the market capitalization of 1.01 T, it has decreased by −3.06% over the last week.
Yes, you can track DR.REDDYS LABORATORIES LTD. financials in yearly and quarterly reports right on TradingView.
DR.REDDYS LABORATORIES LTD. is going to release the next earnings report on Jan 24, 2025. Keep track of upcoming events with our Earnings Calendar.
DRREDDY earnings for the last quarter are 15.04 INR per share, whereas the estimation was 17.33 INR resulting in a −13.20% surprise. The estimated earnings for the next quarter are 18.10 INR per share. See more details about DR.REDDYS LABORATORIES LTD. earnings.
DR.REDDYS LABORATORIES LTD. revenue for the last quarter amounts to 80.16 B INR, despite the estimated figure of 77.09 B INR. In the next quarter, revenue is expected to reach 81.96 B INR.
DRREDDY net income for the last quarter is 12.55 B INR, while the quarter before that showed 13.92 B INR of net income which accounts for −9.82% change. Track more DR.REDDYS LABORATORIES LTD. financial stats to get the full picture.
Yes, DRREDDY dividends are paid annually. The last dividend per share was 40.00 INR. As of today, Dividend Yield (TTM)% is 0.66%. Tracking DR.REDDYS LABORATORIES LTD. dividends might help you take more informed decisions.
DR.REDDYS LABORATORIES LTD. dividend yield was 0.65% in 2023, and payout ratio reached 11.95%. The year before the numbers were 0.87% and 14.74% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Nov 21, 2024, the company has 27.05 K employees. See our rating of the largest employees — is DR.REDDYS LABORATORIES LTD. on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. DR.REDDYS LABORATORIES LTD. EBITDA is 81.00 B INR, and current EBITDA margin is 28.20%. See more stats in DR.REDDYS LABORATORIES LTD. financial statements.
Like other stocks, DRREDDY shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade DR.REDDYS LABORATORIES LTD. stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So DR.REDDYS LABORATORIES LTD. technincal analysis shows the sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating DR.REDDYS LABORATORIES LTD. stock shows the buy signal. See more of DR.REDDYS LABORATORIES LTD. technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.