Lot of investor confidence in Dr. Reddy's: Hemant Kale, Maia Financial Services

Hemant Kale, MD, Maia Financial Services, in a chat with ET Now talks about Dr. Reddy's.

Can you just walk us through Dr. Reddy’s as well as Glenmark and the rationale behind liking those stocks?

Talking about Dr. Reddy’s, the long term averages are very well separated telling that a lot of investor confidence is there. Even the short term averages are taking support on the longer term averages in moving away in the direction of the trend suggesting that the traders are willing to take bets in the direction of the longer term trends. You can keep a stop loss of around 1510, target should be around 1660.