Stock recommendations by share market analysts for October 11, 2023 MMTC, Dr Reddys, Oil India Bank of India - Business Today
| RDDA Stock | EUR 14.30 0.10 0.70% |
Roughly 52% of Dr Reddys' investor base is interested to short. The analysis of current outlook of investing in Dr Reddys Laboratories suggests that many traders are impartial regarding Dr Reddys' prospects. The current market sentiment, together with Dr Reddys' historical and current headlines, can help investors time the market. In addition, many technical investors use Dr Reddys Laboratories stock news signals to limit their universe of possible portfolio assets.
Dr Reddys stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of RDDA daily returns and investor perception about the current price of Dr Reddys Laboratories as well as its diversification or hedging effects on your existing portfolios.
RDDA |
Stock recommendations by share market analysts for October 11, 2023 MMTC, Dr Reddys, Oil India Bank of India Business Today
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Dr Reddys Fundamental Analysis
We analyze Dr Reddys' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dr Reddys using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dr Reddys based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
Dr Reddys is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Dr Reddys Laboratories Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Dr Reddys stock to make a market-neutral strategy. Peer analysis of Dr Reddys could also be used in its relative valuation, which is a method of valuing Dr Reddys by comparing valuation metrics with similar companies.
Peers
Dr Reddys Related Equities
| 6LA | Lamar Advertising | 1.67 | ||||
| WED | Webster Financial | 0.87 | ||||
| J9T | CODERE ONLINE | 0.83 | ||||
| UN9 | UNIQA INSURANCE | 0.25 | ||||
| DC7 | Discover Financial | 0.46 | ||||
| FOO | Salesforce | 0.65 |
Complementary Tools for RDDA Stock analysis
When running Dr Reddys' price analysis, check to measure Dr Reddys' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dr Reddys is operating at the current time. Most of Dr Reddys' value examination focuses on studying past and present price action to predict the probability of Dr Reddys' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dr Reddys' price. Additionally, you may evaluate how the addition of Dr Reddys to your portfolios can decrease your overall portfolio volatility.
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