Dr. Reddy’s Laboratories Ltd. ADR (NYSE: RDY) is -0.44% 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 $15.80 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $15.72, the stock is 4.42% and 10.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.11 million and changing -0.51% at the moment leaves the stock 8.21% off its SMA200. RDY registered 9.64% gain for a year compared to 6-month loss of 8.71%.
The stock witnessed a 9.24% gain in the last 1 month and extending the period to 3 months gives it a 18.91%, and is 0.58% 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 1.59% over the week and 1.56% over the month.
Dr. Reddy’s Laboratories Ltd. ADR (RDY) has around 27811 employees, a market worth around $13.08B and $3.85B in sales. Current P/E ratio is 19.63 and Fwd P/E is 24.32. Profit margin for the company is 17.32%. Distance from 52-week low is 28.22% and -6.94% from its 52-week high. The company has generated returns on investments over the last 12 months (16.71%).
The EPS is expected to shrink by -0.27% this year.
Dr. Reddy’s Laboratories Ltd. ADR (RDY) Top Institutional Holders
The shares outstanding are 834.46M, and float is at 832.00M with Short Float at 1.71%.
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.
Dr. Reddy’s Laboratories Ltd. ADR (RDY) Insider Activity
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