If you are looking for “ Dr. Reddy’s Laboratories share price targets” for upcoming years, you are in the right place. Before we dive into Dr. Reddy’s Laboratories Ltd. stock price targets, Let’s understand the Dr. Reddy’s Laboratories company background, technical fundamentals etc.
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About Dr. Reddy’s Laboratories Ltd.
Dr. Reddy’s Laboratories is a multinational pharmaceutical company based in India, founded in 1984. The company offers a wide range of generic and branded prescription drugs in various therapeutic areas, including cardiovascular, central nervous system, gastroenterology, oncology, and others.
Fundamentals of Dr. Reddy’s Laboratories Ltd.
Let’s look at the fundamentals of Dr. Reddy’s Laboratories, based on which we can get a clear understanding of the expertise in the Pharmaceuticals & Drugs sector.
- Current Market Cap: The current market cap of Dr. Reddy’s Laboratories as of 2/19/2023, is ₹ 74,904
- P/E Ratio: The current price-to-earning ratio of Dr. Reddy’s Laboratories is 31.74
- Sales Growth: Sales growth in last 1 year for Dr. Reddy’s Laboratories is 13.11 %
- Profit Growth: Profit growth is around 10.96 % in last 1 year
We have done a complete analysis of Dr. Reddy’s Laboratories and have come up with its share price targets for upcoming years.
Dr. Reddy’s Laboratories’s Current Share Price is ₹4,498
Note: These price targets of “Dr. Reddy’s Laboratories” are only for reference purposes. This prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition are not covered in this analysis.
| Year | Dr. Reddy’s Laboratories Share Price Targets (₹) |
|---|---|
2023 | 4808 |
2024 | 4963 |
2025 | 5118 |
2026 | 5273 |
2027 | 5428 |
2028 | 5583 |
2029 | 5738 |
2030 | 5893 |
After analysing the chart deeply by taking the monthly time frame analysis on the trading view chart of Paytm we found
The target share price of Dr. Reddy’s Laboratories for the year 2023 will be ₹4808
The target share price of Dr. Reddy’s Laboratories for the year 2024 will be ₹4963
The target share price of Dr. Reddy’s Laboratories for the year 2025 will be ₹5118
The target price of Dr. Reddy’s Laboratories for the year 2026 will be ₹5273
The target share price of Dr. Reddy’s Laboratories for the years 2027, 2028, 2029, and 2030 will be ₹5428, ₹5583, ₹5738, and ₹5893 respectively.
