Malkan told CNBC-TV18, "Dr Reddys Laboratories is a strong outperforming stock. We should never try to catch a top in an all-time high category, so it can keep going another 5-7 percent on Dr Reddys Laboratories."
He further added, " Maruti Suzuki is showing some strength, but it has not clearly crossed the 52-week high. It needs to close on a weekly basis on an all-time high, then we can see another 10 percent on Maruti also. IGL also looks good on chart. Rs 325-330 should be a good level which can be an achievable target in next couple of weeks."
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Dr Reddys Labs may see 5-7% upside: Malkan
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