Bullish about Dr Reddy's Lab in the: KR Choksey

KR Choksey, Chairman of KR Choksey Securities gives his outlook on Dr. Reddy’s Lab in a chat with ET Now.



ET Now: What makes you bullish on Dr. Reddy’s? If you are bullish on pharma sector in general, there are other 3 or 4 dozen listed pharma stocks. Why Dr. Reddy’s if you are bullish on pharma?

KR Choksey: I am bullish on Dr. Reddy's because this company is having an edge over the other generic manufacturers. It is a research-based company and always introduce products which are not generally produced by the average companies.

So in time to come, they will have a larger share of the international market which makes the prospects of this company good.

ET Now: At what price did you buy Dr. Reddy’s and the next 10 years, what do you think could be the price for Dr. Reddy’s?

KR Choksey: It is very difficult to put price but this company will continue to grow at 20-25% in years to come.

ET Now: Dr. Reddy’s currently is at about Rs 1600. and in next 10 years, you expect it to cross 5000?

KR Choksey: Yes, definitely, at least.