Tuesday, October 23, 2007

Indian ADR Dr. Reddy's Lab to my watch list.

Lately I was mentioning few Indian ADRs traded on US markets. One of them stays in my watch list. The company is called Dr. Reddy's Laboratories (RDY) based in Hyderabad. They operates as a pharmaceutical company. It focuses on formulations, active pharmaceutical ingredients and intermediates, generic drugs, critical care products, biotechnology products, custom pharmaceutical services, and drug discovery. The company conducts research in the areas of cancer, cardiovascular disorders, bacterial infection, and metabolic disorders. It markets its products principally in India, Russia, the United States, the United Kingdom, Brazil, Germany, Spain, Italy, Australia, and South Africa.
Company P/E valuation is pretty low at 10. Also from technical point of view chart is showing nice pattern since the beginning of the year 2007.
Tomorrow on 24th October we have earnings call.


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