The buy back of own shares few years back as mentioned by COOLBULL is an indication that company has surplus funds to invest.a surplus budjet.If the company focusses more on developement of new drugs by spending on R&D it will definitely oneday another REDDYS.However it is being trgeted now due to market competetion. It is sure sign the company is growing and maaking its rivals scary.I bought some shares during recent dip. I thank COOLBULL who contributed with good advice on this scrip.It is a good bet to invest on growing company than on a matured company.
promoter has also increased share holding by two percent.co is very strong but technicals have weakened a little bit due to media propaganda.soon it will touch 120 levels where resistance is felt.
delivery is already 57.56 percent eith volume on nse 3.41 lacs.accumulation by operators has started may take to 120 in one week time.accumulation is also seen there in cement stocks like ambuja binani but we have to watch further base formation.
| NIFTY 
