Dr. Reddy’s Laboratories Ltd. ADR (NYSE: RDY) is -17.42% lower on its value in year-to-date trading and has touched a low of $13.02 and a high of $16.89 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RDY stock was last observed hovering at around $13.11 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $13.04, the stock is -4.39% and -9.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing -0.53% at the moment leaves the stock -13.45% off its SMA200. RDY registered -15.97% loss for a year compared to 6-month loss of -20.64%.
The stock witnessed a -4.47% gain in the last 1 month and extending the period to 3 months gives it a -6.79%, and is -2.47% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.18% over the week and 1.16% over the month.
Dr. Reddy’s Laboratories Ltd. ADR (RDY) has around 27048 employees, a market worth around $10.86B and $3.72B in sales. Current P/E ratio is 16.96 and Fwd P/E is 16.21. Profit margin for the company is 17.25%. Distance from 52-week low is 0.15% and -22.80% from its 52-week high. The company has generated returns on investments over the last 12 months (16.88%).
The EPS is expected to shrink by -1.43% this year
The shares outstanding are 834.42M, and float is at 833.08M with Short Float at 1.91%.
The top institutional shareholder in the company is JPMORGAN CHASE & CO with over 0.64 million shares valued at $$48.67 million. The investor’s holdings represent 1.9149 of the RDY Shares outstanding. As of 2024-06-30, the second largest holder is ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. with 2.07 million shares valued at $$157.65 million to account for 1.2406 of the shares outstanding. The other top investors are ROYAL BANK OF CANADA which holds 2.06 million shares representing 1.2345 and valued at over $$156.61 million, while MORGAN STANLEY holds 1.2191 of the shares totaling 2.03 million with a market value of $$154.67 million.
