Dr. Reddy’s Laboratories Ltd. ADR (NYSE: RDY) is -8.14% 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 $14.6 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $14.71, the stock is -0.36% and -1.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing 0.75% at the moment leaves the stock 2.27% off its SMA200. RDY registered -6.84% loss for a year compared to 6-month gain of -2.52%. The firm has a 50-day simple moving average (SMA 50) of $14.91 and a 200-day simple moving average (SMA200) of $14.38415.
The stock witnessed a -5.64% loss in the last 1 month and extending the period to 3 months gives it a 7.53%, and is 0.14% 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 1.94% over the week and 1.38% over the month.
Dr. Reddy’s Laboratories Ltd. ADR (RDY) has around 27811 employees, a market worth around $12.24B and $3.93B in sales. Current P/E ratio is 18.41 and Fwd P/E is 23.11. Profit margin for the company is 16.95%. Distance from 52-week low is 19.98% and -12.92% from its 52-week high. The company has generated returns on investments over the last 12 months (16.08%).
The EPS is expected to shrink by -6.25% this year
321.0 institutions hold shares in Dr. Reddy’s Laboratories Ltd. ADR (RDY), with institutional investors hold 14.02% of the company’s shares. The shares outstanding are 834.58M, and float is at 832.31M with Short Float at 1.31%. Institutions hold 14.02% 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.
