Dr Reddys Laboratories has a good potential

Dr Reddys Laboratories has a good potential even to show 30-40% appreciation maybe in the next 12-15 months, says Dilip Bhat, Prabhudas Lilladher.
Bhat told CNBC-TV18, “I think in the heavy weights the pharma look very good. Dr Reddys Laboratories probably has a good potential even to show 30-40% appreciation maybe in the next 12-15 months. I think the stock can really show good growth in the performance and has a good amount of steam left for it to move up.”

He further added, “Construction and engineering are the other space which has still not gone anywhere, which is really the face of India’s story all the FIIs and foreigners abroad. I think that particular sector has been lying low largely because they are in negative cash flow territories plus with a low ROEs. So I think everybody is ignoring them but that is one space where the visibility has been very high and though the executions have been very poor. So I think this is a one space which one definitely has to have a look at that. I would also bet on the textile sector that is a sector where one can make a good amount of money over the next 2-3 years.”