<|begin_of_text|><|begin_of_text|><|begin_of_text|>Buy Dr. Reddy's Laboratories Ltd. at a price target of Rs 2555.0 and a stop loss at Rs 2430 from entry point.
Chandan Taparia of Motilal Oswal Securities has a buy call<wm> option contract to sell at current market price of Rs 2511.29. They advise investors to go for buying at this level if the cost price is more than 500 Rs per contract.
If he is not ready to go for actual sale but can only do option buying then consider as a suitable option.
It appears to be a case of bullish call buying with the buyer at present market price of Rs 2435 and want to close position with the same at Rs 2556 which is more</wm> than cost price of the contract at present. Hence, it's likely to be the Bullish call