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Dr. Reddy's Laboratories Ltd.
Share Price Target & Analysis

NSE:DRREDDY

1210.34

VWAP

1199

Open

1195.35

Close

1223.2

High

1193.6

Low

1421.49

52 Week High

1214.00 ⇧
18.65 (1.56%)

DRREDDY

(PHARMA)
39.7% Momentum

Turnaround Potential

1074

52 Week Low

57.64

EPS

47.38

PE

4.18

PB

Economical
Quality

Silver
Valuation

#Analysis

NSE: DRREDDY Share Price Financial Analysis & Valuation

Dr. Reddy's Laboratories Ltd. (DRREDDY) is broadly categorized in PHARMA segment industry which deals in Pharmaceuticals vertical. It is one of Large Cap company with Market Capitalization of Rs 70567.3 (in Cr). Total number of free float shares are 16.6 (in Lacs). Dr. Reddy's Laboratories Ltd. is listed on NSE with Exchange ID - INE089A01031 and trading code is NSE:DRREDDY with short name Dr Reddys Labs.

Dr. Reddy's Laboratories Ltd. is good enough to Outperformed the market. DRREDDY gives better return on an investment after adjusting for market-related volatility and random fluctuations as compared to market.

Dr. Reddy's Laboratories Ltd. is also traded in Future & Options (Derivative segment of NSE).

In the past 1 year, Dr. Reddy's Laboratories Ltd. has declared an equity dividend of Rs 8 per share. At the current share price of DRREDDY at Rs 1214.00, this results in a dividend yield of 0.66 %.

As per the Fundamental Analysis of NSE:DRREDDY, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine DRREDDY underlying value and future prospects. All of this data is available in DRREDDY financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:DRREDDY, it is clearly understood that DRREDDY is Economical performer in terms of earnings and profit margins with an EPS of 57.64. NSE:DRREDDY book value per share as of today is 290.52. The current price to book ratio for DRREDDY as of Nov 23, 2024 is 4.18.

Valuation of the Stock: The current valuation of DRREDDY stock is like Silver which means currently the stock is at Premium. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of DRREDDY whether to BUY this stock at current valuation. The delivery percentage of DRREDDY is 30.76% is very crucial parameter which shows that 30.76% investors are anticipating that the price of DRREDDY share should go up with VWAP at 1210.34.

Now, the main question is whether to BUY or SELL, NSE:DRREDDY at current valuation.
As per latest Analysis No. #2250:-

⇑ STRONG BUY DRREDDY if All Greens

⇗ BUY DRREDDY (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD DRREDDY (With Stop Loss) if only 1 Green

⇘ SELL DRREDDY if NO Green Indicator

NSE: DRREDDY Share Price Today (Nov 23, 2024)

(Dr. Reddy's Laboratories Ltd. Daily Analysis on the basis of DRREDDY Intraday Graph & Trend)

Dr. Reddy's Laboratories Ltd. share price moved Up by 1.56% from its previous close of Rs 1195.35. DRREDDY stock last traded price is 1214.00. DRREDDY share price trend is Up with a total of 763666 stocks traded till now. It has touched an intraday high of Rs 1223.2 and an intraday low of Rs 1193.6. The DRREDDY trading at 1214.00, Up by Rs. 18.65, or 1.56 percent which suggests that most of the Traders are anticipating that the price of DRREDDY share should go Up.

NSE: DRREDDY Share Price Tomorrow Prediction

(Dr. Reddy's Laboratories Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of DRREDDY)

Dr. Reddy's Laboratories Ltd. share price moved Up by 1.56%. DRREDDY share price short term trend is Up. It suggests that DRREDDY Share Price for Tomorrow remains the same with VWAP at 1210.34 will be treated as stop loss for intraday traders. Dr. Reddy's Laboratories Ltd. Long term investors can follow the DRREDDY long term trend as mentiond in future forecast table.

NSE Code

NSE: DRREDDY

DRREDDY Share Price Today

 1214.00

DRREDDY Share Price Target Prediction for 2024 ^

 1126 - 1323.2

DRREDDY Share Price Target Prediction for 2025*^

 1323.2 - 1521.8

DRREDDY Share Price Target Prediction for 2026*^

 1521.8 - 1628.3

DRREDDY Share Price Target Prediction for 2027*^

 1710

DRREDDY Share Price Target Prediction for 2028*^

 1759

DRREDDY Share Price Target Prediction for 2030*^

 1917
DRREDDY Current Book Value 2023
289.1

*Dr. Reddy's Laboratories Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^DRREDDY share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

DRREDDY Technical Analysis

Candlestick Pattern: @1226.7

DRREDDY Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 1261.43 SELL 1253.6 SELL
MA_12 1268.88 SELL 1272.48 SELL
MA_20 1288.41 SELL 1283.15 SELL
MA_32 1307.41 SELL 1297.82 SELL
MA_50 1314.11 SELL 1306.57 SELL
MA_100 1338.84 SELL 1307.3 SELL
MA_200 1277.26 SELL 1265.57 SELL

DRREDDY Trend Oscillators

BUY (1) NEUTRAL (0) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 1288.41 Downtrend
MACD -3.82 SELL
ADX 29.83 Strong Trend
DMI (+/-) 11.07 / 29.15 Downtrend

DRREDDY Momentum Oscillators

BUY (1) NEUTRAL (4) SELL (7)
Momentum Oscillators Value Action
RSI 31.82 Neutral
STOCHASTIC_K (Fast) 4.05 Oversold
STOCHASTIC_D (Slow) 14 Oversold
CCI -147.95 SELL
PSAR 1215.51 BUY
TRUE RANGE 30.8 Neutral
ATR 33.37 Neutral
WILLIAMS R -81.36 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 0 Oversold
MOMENTUM -115.48 SELL

DRREDDY Last 1 Year Trend

Duration Value
1 Year 12.55%
3 Months -11.73%
1 Month -8.6%
1 Week -4.71%

DRREDDY Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 7%
NEUTRAL / HOLD 13%
SELL 80%

Most popular Questions & Answers about DRREDDY


Dr. Reddy's Laboratories Ltd. stock last traded price is 1214.00. DRREDDY share price moved Up by 1.56% from its previous close of Rs 1195.35.

Dr. Reddy's Laboratories Ltd. share price trend is Up with a total of 763666 stocks traded till now. It has touched an intraday high of Rs 1435.7049 and an intraday low of Rs 1193.6. The DRREDDY trading at 1214.00, Up by Rs. 18.65, or 1.56 percent which suggests that most of the Traders are anticipating that the price of DRREDDY share should go Up and the Stop Loss will be around 1210.34.

The market cap of Dr. Reddy's Laboratories Ltd. is ₹70567.3 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Dr. Reddy's Laboratories Ltd. as of Nov 22, 2024 is 47.38.

The current price to book ratio for Dr. Reddy's Laboratories Ltd. as of Nov 22, 2024 is 4.18.

The highest price of Dr. Reddy's Laboratories Ltd. stock is ₹1421.49 in the last 52-week.

The lowest price of Dr. Reddy's Laboratories Ltd. stock is ₹1074 in the last 52-week.

Dr. Reddy's Laboratories Ltd. share trading at ₹1214.00, Up by Rs. 18.65, or 1.56 percent which suggests that most of the traders are anticipating that the price of DRREDDY share should go Up.

In 2023, Stock price target for Dr. Reddy's Laboratories Ltd. (DRREDDY) are ₹1126 on downside and ₹1323.2 on upside. Dr. Reddy's Laboratories Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Dr. Reddy's Laboratories Ltd. (DRREDDY) are ₹1323.2 on downside and ₹1521.8 on upside. Dr. Reddy's Laboratories Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Dr. Reddy's Laboratories Ltd. (DRREDDY) are ₹1521.8 on downside and ₹1628.3 on upside. Dr. Reddy's Laboratories Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Dr. Reddy's Laboratories Ltd. (DRREDDY) will be around ₹1759 Dr. Reddy's Laboratories Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of DRREDDY.

The price of Dr. Reddy's Laboratories Ltd. (DRREDDY) shares moved by 1.56%. The short-term trend for DRREDDY share price is Up. It implies that the share price of DRREDDY will stay the same tomorrow and that intraday traders should treat VWAP at 1210.34 as a stop loss. Investors with a long-term outlook can track DRREDDY long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of DRREDDY stock is 691.1. Compared to the current market price of 1214.00 INR, the DRREDDY stock is Overvalued by 43.1%.

As per the fundamental analysis of Dr. Reddy's Laboratories Ltd. (DRREDDY), it is of Economical quality in terms of earnings and profit margins with an EPS of 57.64. Dr. Reddy's Laboratories Ltd. book value per share as of today is 290.52. The current price to book ratio for DRREDDY as of Nov 23, 2024 is 4.18.


NSE:DRREDDY News & Other Useful Information about DRREDDY Share Price


Peer Comparison of NSE: DRREDDY

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Pharmaceuticals

Company Price EPS BV
SUNPHARMA 1805.60 11.21 98.75
DIVISLAB 6000.00 69.2 507.94
MEDICAMEQ 446.75 8.18 164.54
CIPLA 1485.25 54.32 346.38
DRREDDY 1214.00 57.64 290.52
PGHH 15925.70 189.8 324.25
TORNTPHARM 3171.00 48.34 201.78
BIOCON 331.60 0.35 90.88
LUPIN 2064.55 65.71 451.63
ALKEM 5583.35 176.48 882.75
Updated at: 22 Nov 2024 15:30

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