Dr. Reddy’s Laboratories Ltd. ADR (NYSE: RDY) is -6.59% 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 $14.66 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $14.75, the stock is 3.15% and 7.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing 0.61% at the moment leaves the stock 1.32% off its SMA200. RDY registered 7.38% gain for a year compared to 6-month loss of 4.31%. The firm has a 50-day simple moving average (SMA 50) of $13.7608 and a 200-day simple moving average (SMA200) of $14.5578.
The stock witnessed a 6.34% gain in the last 1 month and extending the period to 3 months gives it a 14.16%, and is 1.30% up 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 0.49% over the week and 1.41% over the month.
Dr. Reddy’s Laboratories Ltd. ADR (RDY) has around 27048 employees, a market worth around $12.29B and $3.85B in sales. Current P/E ratio is 18.41 and Fwd P/E is 22.76. Profit margin for the company is 17.32%. Distance from 52-week low is 20.31% and -12.68% from its 52-week high. The company has generated returns on investments over the last 12 months (16.71%).
with sales reaching $88.27B over the same period.The EPS is expected to grow by 0.13% this year, but quarterly earnings will post 8.78% year-over-year. Quarterly sales are estimated to grow 15.05% in year-over-year returns.
326.0 institutions hold shares in Dr. Reddy’s Laboratories Ltd. ADR (RDY), with institutional investors hold 13.85% of the company’s shares. The shares outstanding are 833.11M, and float is at 833.09M with Short Float at 1.79%. Institutions hold 13.85% of the Float.
The top institutional shareholder in the company is MORGAN STANLEY with over 2.03 million shares valued at $$154.67 million. The investor’s holdings represent 6.0857 of the RDY Shares outstanding. As of 2024-06-30, the second largest holder is ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. with 2.07 million shares valued at $$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 1.2325 and valued at over $$156.61 million, while RENAISSANCE TECHNOLOGIES LLC holds 1.1964 of the shares totaling 2.0 million with a market value of $$152.04 million.
