Can expect a good upside from Dr. Reddy’s: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about Dr. Reddy’s and the pharma space.

Have you looked at the charts of some of these pharma companies and what is your take on Dr. Reddy’s?

A lot of them actually took quite a bit of a beating. Dr. Reddy’s, which had actually gone up to an all-time high and had a fantastic bull market, receded a fair amount by its own standards. It came down from 1900 to 1500 but it still remains a very good long-term idea.

It is already at a one-month high. So if the market has indeed bottomed out a couple of weeks back, you can expect a good upside from Dr. Reddy’s anyway.