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

NSE:DRREDDY

6346.97

VWAP

6299.90

Open

6287.5

Close

6419.90

High

6258.00

Low

6505.90

52 Week High

6349.55 ⇧
62.05 (0.99%)

DRREDDY

(PHARMA)
92.4% Momentum

Trending & Favourite

4384.05

52 Week Low

238.57

EPS

56.95

PE

5.17

PB

Economical
Quality

Gold
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 - INE089A01023 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 40 per share. At the current share price of DRREDDY at Rs 6349.55, this results in a dividend yield of 0.63 %.

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 238.57. NSE:DRREDDY book value per share as of today is 1227.38. The current price to book ratio for DRREDDY as of May 04, 2024 is 5.17.

Valuation of the Stock: The current valuation of DRREDDY stock is like Gold which means currently the stock is Overpriced. 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 43.33% is very crucial parameter which shows that 43.33% investors are anticipating that the price of DRREDDY share should go up with VWAP at 6346.97.

Now, the main question is whether to BUY or SELL, NSE:DRREDDY at current valuation.
As per latest Analysis No. #1589:-

⇑ 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 (May 04, 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 0.99% from its previous close of Rs 6287.5. DRREDDY stock last traded price is 6349.55. DRREDDY share price trend is Up with a total of 581368 stocks traded till now. It has touched an intraday high of Rs 6419.90 and an intraday low of Rs 6258.00. The DRREDDY trading at 6349.55, Up by Rs. 62.05, or 0.99 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 0.99%. DRREDDY share price short term trend is Up. It suggests that DRREDDY Share Price for Tomorrow remains the same with VWAP at 6346.97 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

 6349.55

DRREDDY Share Price Target Prediction for 2024 ^

 5231.9 - 6538.1

DRREDDY Share Price Target Prediction for 2025*^

 6538.1 - 6965.2

DRREDDY Share Price Target Prediction for 2026*^

 6965.2 - 7452.8

DRREDDY Share Price Target Prediction for 2027*^

 7825

DRREDDY Share Price Target Prediction for 2028*^

 8049

DRREDDY Share Price Target Prediction for 2030*^

 8773
DRREDDY Current Book Value 2023
1221.2

*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: @6297.1

DRREDDY Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 6134.17 BUY 6180.8 BUY
MA_12 6081.37 BUY 6121.7 BUY
MA_20 6116.22 BUY 6125.97 BUY
MA_32 6165.46 BUY 6138.39 BUY
MA_50 6224.31 BUY 6126.68 BUY
MA_100 6061.76 BUY 6042.57 BUY
MA_200 5786.76 BUY 5744.45 BUY

DRREDDY Trend Oscillators

BUY (3) NEUTRAL (1) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 6116.22 Uptrend
MACD 28.06 BUY
ADX 14.71 NO or Weak Trend
DMI (+/-) 28.29 / 16.16 Uptrend

DRREDDY Momentum Oscillators

BUY (8) NEUTRAL (4) SELL (0)
Momentum Oscillators Value Action
RSI 60.07 Neutral
STOCHASTIC_K (Fast) 94.82 Overbought
STOCHASTIC_D (Slow) 85.09 Overbought
CCI 127.98 BUY
PSAR 5905.24 BUY
TRUE RANGE 122.65 Neutral
ATR 131.62 Neutral
WILLIAMS R -6.28 Overbought
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 100 Overbought
MOMENTUM 162.25 BUY

DRREDDY Last 1 Year Trend

Duration Value
1 Year 30.29%
3 Months 11.74%
1 Month 2.64%
1 Week 4.67%

DRREDDY Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 83%
NEUTRAL / HOLD 17%
SELL 0%

Most popular Questions & Answers about DRREDDY


Dr. Reddy's Laboratories Ltd. stock last traded price is 6349.55. DRREDDY share price moved Up by 0.99% from its previous close of Rs 6287.5.

Dr. Reddy's Laboratories Ltd. share price trend is Up with a total of 581368 stocks traded till now. It has touched an intraday high of Rs 6570.959 and an intraday low of Rs 6258.00. The DRREDDY trading at 6349.55, Up by Rs. 62.05, or 0.99 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 6346.97.

The market cap of Dr. Reddy's Laboratories Ltd. is ₹70567.3 (in Cr) as of May 03, 2024.

The current price to earning ratio for Dr. Reddy's Laboratories Ltd. as of May 03, 2024 is 56.95.

The current price to book ratio for Dr. Reddy's Laboratories Ltd. as of May 03, 2024 is 5.17.

The highest price of Dr. Reddy's Laboratories Ltd. stock is ₹6505.90 in the last 52-week.

The lowest price of Dr. Reddy's Laboratories Ltd. stock is ₹4384.05 in the last 52-week.

Dr. Reddy's Laboratories Ltd. share trading at ₹6349.55, Up by Rs. 62.05, or 0.99 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 ₹5231.9 on downside and ₹6538.1 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 ₹6538.1 on downside and ₹6965.2 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 ₹6965.2 on downside and ₹7452.8 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 ₹8049 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.

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 238.57. Dr. Reddy's Laboratories Ltd. book value per share as of today is 1227.38. The current price to book ratio for DRREDDY as of May 04, 2024 is 5.17.


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 1511.15 4.04 98.98
DIVISLAB 3950.95 51.37 478.6
MEDICAMEQ 541.20 11.2 151.58
CIPLA 1424.75 42.04 305.16
DRREDDY 6349.55 238.57 1227.38
PGHH 4750.60 189.8 447.64
TORNTPHARM 2734.70 34.45 187.49
BIOCON 305.20 15.96 90.91
LUPIN 1654.75 45.22 403.99
ALKEM 4898.85 140.26 781.99
Updated at: 03 May 2024 15:59

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