How to Buy Dr Reddys Laboratories Stock
Dr Reddys Laboratories Ltd
Dr Reddys Laboratories is a pharmaceutical company located in India, which is part of the Healthcare sector, and is traded under the ticker RDY on the NYSE exchange.
Dr Reddys Laboratories stock last closed at $14.20, down 0.07% from the previous day, and has decreased 13.7% in one year. It has overperformed other stocks in the Drug Manufacturers - Specialty & Generic industry by 0.5 percentage points. Dr Reddys Laboratories stock is currently +15.82% from its 52-week low of $12.26, and -13.49% from its 52-week high of $16.41.
At the moment, there are 834.46M RDY shares outstanding. The market value of RDY is $11.85B. In the last 24 hours, 920,000 RDY shares were traded.
How to Buy Dr Reddys Laboratories Stock
Not sure how to invest in Dr Reddys Laboratories stock? Here's how.
- Choose where to buy Dr Reddys Laboratories stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you choose where to buy Dr Reddys Laboratories stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Pick your payment method and add your info.
- Analyze Dr Reddys Laboratories stock: The Dr Reddys Laboratories ticker symbol is RDY. Is Dr Reddys Laboratories stock a good investment? Should you buy shares of RDY? How do RDY's underlying business fundamentals look? Do top analysts think Dr Reddys Laboratories is a good buy? Why has RDY's stock price moved recently? (Hint: Our stock market research website can help you figure out if RDY is a good stock to buy).
- Make your RDY purchase: Decide if you will purchase RDY shares at the current market price or use a limit order to buy RDY stock at a particular price.
- Track your investment in RDY: Create a watchlist to watch your investment in Dr Reddys Laboratories shares.
Step 1: Choose where to buy Dr Reddys Laboratories stock
You will need an online brokerage account to access the NYSE market and buy RDY shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal info so you can invest in RDY stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to create your new brokerage account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've created your account on stock market app, you need to deposit funds:
Check out the tutorial below for more details transferring money into your brokerage account.
Step 4: Analyze Dr Reddys Laboratories stock
After you have figured out the best place to buy Dr Reddys Laboratories stock, it's absolutely critical to research their stock before you invest, so you truly comprehend the risk and opportunity.
Dr Reddys Laboratories Numbers
Fundamentals of RDY
WallStreetZen was built to help average investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on RDY's stock page.
How is RDY stock valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge RDY's intrinsic value.
Using relative valuations ratios:
- RDY could be undervalued based on its P/E ratio of 18x, relative to Drug Manufacturers - Specialty & Generic industry P/E ratio of -17.42x
- RDY could be overvalued based on its P/B ratio of 3.06x, relative to Drug Manufacturers - Specialty & Generic industry P/B ratio of 2.29x
You can do additional valuation research on RDY's stock here.
A quick look at RDY Financials
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the RDY balance sheet.
- There are more short-term assets than long-term liabilities on the RDY balance sheet.
- RDY earnings of $917.69M is not sufficient to cover its interest payments.
- RDY's operating cash flow of $539.92M allows it to safely service it's debt of $543.85M.
- Total RDY debt is lower than 5 years ago, relative to shareholder equity.
Failed Financial Due Diligence Checks:
- RDY has a relatively high debt to equity ratio of 0.47.
- RDY profit margin has gone down from 19.9% to 17.4% in the past year.
Is it a good time to buy Dr Reddys Laboratories stock, according to Wall Street analysts?
Out of 1 sell side analysts who research RDY, the consensus analyst rating on Dr Reddys Laboratories is a Strong Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Dr Reddys Laboratories stock forecast page.
RDY Technicals
RDY Performance Metrics
Last year, RDY earnings were $657.56M. Over the last 5 year, RDY's earnings have grown by 20.54% per year. This was faster than the Drug Manufacturers - Specialty & Generic industry average of 5.65%.
Last year, RDY revenue was $3.79B. During the last 5 year, RDY's revenue has gone up by 10.47% per year. This was faster than the Drug Manufacturers - Specialty & Generic industry average of 10.2%.
Find out more about RDY's earnings and revenue performance here.
What are RDY insiders up to?
Over the past year, executives and large shareholders at RDY have not bought or sold any shares.
Dig into more about who owns RDY stock here.
Does RDY stock generate passive income?
Dr Reddys Laboratories dividend payments have consistently grown over the past decade and have remained stable.
Get more info about Dr Reddys Laboratories dividend yield and history here.
What do other traders have to say about RDY?
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your RDY purchase
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount, place a limit order.
Click the Open Trade button and eToro will execute your order.
If you want more assistance buying stocks on eToro, watch the how to video below:
Step 6: Track your investment in RDY
Now that you own some RDY stock, you'll want to keep up with your company.
Start a watchlist to track the latest developments regarding your RDY stock.
RDY Feed
How to Buy Stock in Dr Reddys Laboratories
To summarize, here are the 6 steps you need to take to buy Dr Reddys Laboratories stock right now:
- Choose where to buy Dr Reddys Laboratories stock
- Open your brokerage account
- Deposit funds into your brokerage account
- Analyze Dr Reddys Laboratories stock
- Make your RDY purchase
- Track your investment in RDY
If you are looking for a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep tabs on your new investment in Dr Reddys Laboratories, create a watchlist on WallStreetZen today.
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