Stock of the day : Dr. Reddy`s Laboratories Ltd by Target Rs. 1375 - Religare Broking Ltd
Dr. Reddy's Laboratories Ltd
Buy Dr. Reddy's Laboratories Ltd CMP 1287.40 Range 1285-1290 SL 1240 Target 1375
* The Pharma sector demonstrated sustained strength for the fourth consecutive trading session.
* Dr. Reddy's Laboratories, a key constituent of the sector, exhibited bullish momentum following a confirmed upside breakout from a flag consolidation pattern.
* The stock is receiving robust support from critical short- to medium-term exponential moving averages (EMAs), specifically the 21, 50 and 100-period EMAs, indicating the continuation of positive near-term momentum.
* Investors may consider initiating long positions within the suggested entry range.
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SEBI Registration number is INZ000174330
