The SEZ bug has bitten Reddy, planning to invest Rs 4000/- crores. The results are good and can deliver better results as more than 100 DMFs were filed and the 6 months exclusive rights to sell a few drugs are expected any time. The call on Reddy is intact as it could out perform the market in future.
Today if Dr Reddy could close with 3%+ gains one could start accumulate the scrip other wise wait it could even touch Rs 560-540/- range as the market is at its high.
Disclaimer : I have position in Dr Reddy
Sunday, May 20, 2007
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