Rahul Mohindar of viratechindia.com is of the view that one may see 5-6 percent upside in Cipla and Dr Reddy's Labs.
Rahul Mohindar of viratechindia.com told CNBC-TV18, "Amongst heavyweights certainly Dr Reddy's Labs and Cipla are probably going to show you new highs come in. So I am looking at 5-6 percent upside. Specifically speaking in both of these stocks within the same sphere I like Apollo Hospitals Enterprises . There too in the short term if you are looking at trading play, 5-8 percent upside is clearly visible, so this is a sector to be with, a sector which has the momentum, has a good long term outlook."
"I would not rush into a lot of those midcap names clearly because they have been the stocks which have really run up. Yes, they do have potential but timing it at this level could be a bit risky," he added.
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