Dr. Reddys Laboratories Ltd Share Price Target 2022, 2023, 2024, 2025, And 2030

Looking for the future targets of Dr. Reddys Laboratories Ltd with analysis? You are reading the best article.

Dr. Reddys Laboratories Ltd is a Pharmaceuticals & drug company. This industry has grown with high acceleration year by year. The investment in this sector will give a good return but can Dr. Reddys Laboratories Ltd give a good return?

After reading this article you will get your all answers like Dr. Reddys Laboratories Ltd’s share price target for 2022, 2023, 2024, 2025, and 2030, important aspects of fundamental analysis, etc.

Dr. Reddys Laboratories Ltd Share Analysis

Dr. Reddy’s Laboratories is an Indian multinational company that deals in pharmaceutical companies. Its headquartered in Hyderabad, India. The Company has around 190 medications and 60 active pharmaceutical ingredients (APIs) which are used in the manufacturing of biotechnology products, and diagnostic kits. Dr. Reddy’s also got a sub-license to manufacture Johnson and Johnson Corona vaccine in India recently.

Dr. Reddys Laboratories Ltd Quarterly Report Analysis

In the June quarter of the financial year 2021, the company made sales of Rs.3,433.50 Cr. in which they made a profit of about Rs.413.40 Cr. after paying taxes. In the September quarter of the financial year 2021, Company made sales of Rs.3,823.40 Cr. through which they make a profit of around Rs.449 Cr. after paying all the essential taxes to government bodies.

In the December quarter of 2021, the company made sales of around Rs.3,479.60 Cr. in which they made a profit of about Rs.341.10 Cr. after paying all the taxes. In the March quarter of 2022, the company made sales of around Rs.3,668.70 Cr. In which they made a profit of about Rs.419.70 Cr. after paying all the taxes. In the June quarter of the financial year 2022, the company made sales of around Rs.3,630.60 Cr. By which they made a profit of about Rs.499.50 Cr. after paying all the taxes.

Dr. Reddys Laboratories Ltd Annual Report Analysis

In the year 2017, Company makes net sales of around Rs.9,719.80 Cr. in which they make a profit of about Rs.1,384.10 Cr. In the following year 2018, they make net sales of Rs.9,359.30 Cr. and make a profit of it around Rs.566.90 Cr. in that year they spend their fund on developing infrastructure. In the next year which is 2019, they make sales of about Rs.10,625.50 Cr. in which they make a profit off it around Rs.1,277.30 Cr. which is the result of last year’s investment.

In the year 2020, they make sales of Rs.11,850.40 Cr. and profit of around Rs.2,937.70 Cr. which is higher than the last 3 years which is the result of their investment in research-based projects. In the year 2021, they make sales of around Rs.13,349.10 Cr. and make a profit of about Rs.2,186.40 Cr. In the annual result of March 2022, it makes Rs.14,405.20 Cr. and makes a profit of Rs.1,623.20 Cr.

Dr. Reddys Laboratories Ltd Share Price Target/Prediction/Forecast

Here, We are trying to predict a possible target which the shares of  Dr. Reddy can find in their upcoming years. Our prediction is based upon different tools and terms which include Fibonacci retracement, support, and resistance. So, here we go with your possible targets for the upcoming years which are attached below

YearTarget Of Dr. Reddy
2022(Target-1)Rs.4,850
(Target-2)Rs.5,440
2023(Target-1)Rs.5,850
(Target-2)Rs.6,460
2024(Target-1)Rs.6,890
(Target-2)Rs.7,700
2025(Target-1)Rs.9,050
(Target-2)Rs.9,840
2030(Target-1)Rs.18,050
(Target-2)Rs.27,010

Dr. Reddy Share Price Target For 2022

When we analyze the target chart we can see both the possibilities for the year 2022. The first possible target which they can pass is around Rs.4,850 and a second possible target for the same year is around Rs.5,440.

Dr. Reddy Share Price Target For 2023

Here we again going to predict two possible targets which they can attain according to their situation at that time, the first target that will go up to Rs.5,850, and the second possible target is around Rs.6,460.

Dr. Reddy Share Price Target For 2024

Here, we again going to predict two possible targets which depend on the situation of the company when it has breakout for 3 consecutive years then the first target is around Rs.6,890 and the second target is about Rs.7,700.

Dr. Reddy Share Price Target For 2025

In the year 2025 if the breakdown is not happening anywhere then the first possible target which they can surpass is about Rs.9,050 and take 0.6% momentum again in the same year acc. To retracement law so, the second target which they can find is around Rs.9,840.

Dr. Reddy Share Price Target For 2030

Till the end of this decade, we can predict a possible target which they can surpass is around Rs.18,050 and if the breakout continuously going to happen till the year 2030 then the share price of Dr. Reddys Laboratories Ltd will be be be go up to Rs.27,010.

Conclusion

In this article, We have done a detailed analysis of Dr. Readdy. We tried to include every aspect in our article which is really essential to know before investing in any specific company shares.

Before ending this article, I am going to tell some strengths that will become key facts that help Dr. Reddys Laboratories Ltd to emerge as the best in their business.

  • Flexible and adaptive
  • Strong workforce
  • Customer focused and performance-driven
  • New partnership with Johnson and Johnson to manufacture corona vaccine.

If you find this article help you. Please share this article with your friends and family member and do not forget to share this article on your social media platform.

Leave a Comment

NDTV Ltd Share Price Target 2022-2030 Tata Motors Share Price Target 2022-2030 Tata Power Share Price Target 2022-2030 Best 5 Intraday Trading Indicators 95% Accuracy RBL Bank Ltd Fundamental Analysis Best 7 Penny Stocks Of Tata Group IPO Allotment Status Check Online By Pan Number Best 5 Crypto Trading Apps In India Best 5 Forex Brokers In India For 2022 How To Open Free Demat Account Online