Buy Dr Reddy’s Labs, target Rs 2525-2530: Kunal Bothra

Kunal Bothra of LKP recommends buying Dr Reddy's Laboratories with a target of Rs 2525-2530.

Kunal Bothra of LKP told CNBC-TV18, " Dr Reddy's Laboratories is trading at its support band. I believe the level of Rs 2450 is a good support for the stock. From a short term perspective of 2-3 days, Dr Reddy's Laboratories could be bought with a target of around Rs 2525-2530 keeping a stoploss of Rs 2450."

At 14:12 hrs Dr Reddys Laboratories was quoting at Rs 2,434.70, down Rs 13.45, or 0.55 percent. It has touched an intraday high of Rs 2,474.00 and an intraday low of Rs 2,432.35.

Disclosure: Analyst has no personal holdings in the stock but he may have recommended the same to his client at LKP

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