Dr.Reddy's Laboratories Ltd.
CMP-2915
Recommendation-Sell
You can clearly see the 300 level as the support and 3300 level acting as resistance level since November 2015 crash in the stock price.
The pharma sector is passing through a turbulance like the IT sector and the PE multiples are also not expensive. But for the short term as a technical research follower traders sell what is weak and buy what is strong we we are short on both sectors...
