BIG PHARMA BRAND - DR. REDDY

Dr. Reddy's Laboratories, is a multinational pharmaceutical company based in Hyderabad, Telangana, India. The company was founded by Anji Reddy, who previously worked in the mentor institute, Indian Drugs and Pharmaceuticals Limited, of Hyderabad, India. Dr. Reddy's manufactures and markets a wide range of pharmaceuticals in India and overseas. The company has over 190 medications, 60 active pharmaceutical ingredients (APIs) for drug manufacture, diagnostic kits, critical care, and biotechnologyproducts.

Current Market Price - 3,384/-

Fundamentals - 

• Improving revenue
• Comfortable gross and net profit margin
• Improved operating cash flows
• Increased investment activities.

Technical Reason -

• Strong support at 3200-3250 level
• Increase in volume in the last 1 week
• Improved deliverable of script.

Disclosure - I am not a research analyst and expressing opinion only as an individual investor in Indian equities. Readers should consult their financial advisers before any investment.