Dr. Reddy’s Laboratories Ltd. ADR (NYSE: RDY) is -12.41% lower on its value in year-to-date trading and has touched a low of $12.26 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 $13.92 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $13.83, the stock is 3.25% and 4.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing -0.65% at the moment leaves the stock -6.49% off its SMA200. RDY registered -7.08% loss for a year compared to 6-month loss of -11.84%. The firm has a 50-day simple moving average (SMA 50) of $13.2304 and a 200-day simple moving average (SMA200) of $14.78965.
The stock witnessed a 5.09% gain in the last 1 month and extending the period to 3 months gives it a 0.14%, and is -1.21% 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 2.31% over the month.
Dr. Reddy’s Laboratories Ltd. ADR (RDY) has around 27048 employees, a market worth around $11.52B and $3.72B in sales. Current P/E ratio is 17.98 and Fwd P/E is 17.36. Profit margin for the company is 17.25%. Distance from 52-week low is 12.81% and -18.13% 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 -1.73% this year
325.0 institutions hold shares in Dr. Reddy’s Laboratories Ltd. ADR (RDY), with institutional investors hold 14.89% of the company’s shares. The shares outstanding are 834.42M, and float is at 833.09M with Short Float at 1.88%. Institutions hold 14.89% of the Float.
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 1.2171 of the shares totaling 2.03 million with a market value of $154.67 million.
