Buy Dr. Reddy’s: CK Narayan, Sharyans Resources

ET Now spoke to CK Narayan, President Treasury, Sharyans Resources, on his view on Dr. Reddy’s.

What about Dr. Reddy’s?

Rs 1850 being too conservative in my opinion. Lots more to come in trading. It does a simple equation right now. The markets as long it has been gripped by fear, it will gravitate to these stronger stocks and among the strong stocks has been Dr. Reddy.

So if the market keeps within the throws of all these rumours and news in the slide that it has been, you will see Reddy may improve even further as the money tries to chase the safe stocks. So Reddy is in for a longer inning, periodic pullback from here but then every pullback remains a buy.