Dr. Reddy's a stock worth to buy: Deepak Mohoni

In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, talks about Dr. Reddy’s.

What is the call on Dr. Reddy’s?

It is a bit of a surprise because the stock was in a very decent uptrend and is generally speaking a fairly defensive stock. So something very specific to the stock happening clearly and nothing to do with interest rates. So it just happens to coincide with the market sell off but this is something very very stock specific. It is not the sector, it is something that should emerge fairly soon because this is an extremely unusual move for Dr. Reddy’s.