* Spread (Rs.

)
weighted No. of
Date Open Price High Price Low Price Close Price average price No. of shares trades Total Turnover H-O C-O

8-Sep-10 505 518.7 505 512.2 513.08 107218 2714 55,011,440.00 13.7 7.2

9-Sep-10 514.3 515.2 504 505.35 507.87 63386 1569 32,191,961.00 11.2 -8.95

13-Sep-10 511 516.15 506 507.55 509.57 133381 2764 67,967,582.00 10.15 -3.45

14-Sep-10 512 513.5 497.65 504.35 504.68 106931 2596 53,965,550.00 15.85 -7.65

15-Sep-10 506.3 509.45 502.05 504.45 505.86 87689 2557 44,358,780.00 7.4 -1.85

16-Sep-10 506.1 514 501.1 503.9 508.31 101065 2442 51,371,863.00 12.9 -2.2
26.7
17-Sep-10 507.3 535.9 507 534.05 525.54 908004 15700 477,191,106.00 28.9 5

20-Sep-10 538 539 527.2 532.2 532.48 213598 4803 113,737,703.00 11.8 -5.8
28.9
21-Sep-10 533 566 533 561.95 555.33 912823 17905 506,921,574.00 33 5
-
11.5
22-Sep-10 568 571 552.25 556.45 560.47 314010 6447 175,993,716.00 18.75 5

23-Sep-10 559 572.8 555.45 564.65 566.94 389530 7892 220,840,908.00 17.35 5.65

24-Sep-10 569 575.8 560.5 570.35 569.5 266855 5314 151,975,144.00 15.3 1.35

27-Sep-10 577 579.9 564.5 566.9 571.15 243609 4613 139,136,074.00 15.4 -10.1

28-Sep-10 567 572 561 562.9 566.1 91385 2418 51,732,660.00 11 -4.1

29-Sep-10 564 567.85 551.5 555.75 558.84 88405 2136 49,404,251.00 16.35 -8.25

30-Sep-10 554 567.65 550 557.15 558.49 215573 4642 120,395,077.00 17.65 3.15

1-Oct-10 563 576.4 560 569 570.4 207445 4579 118,327,443.00 16.4 6
23.8
4-Oct-10 573.65 601 568.6 597.5 586.72 492155 8727 288,758,664.00 32.4 5

5-Oct-10 599 609.9 591.55 594.75 602.19 317287 6742 191,066,231.00 18.35 -4.25
-
15.4
6-Oct-10 603 605 583.1 587.55 594.18 139102 3413 82,652,119.00 21.9 5

7-Oct-10 586.4 599.45 574 577.5 589.7 220578 4382 130,075,096.00 25.45 -8.9

8-Oct-10 582 589.2 574.5 585.55 583.49 268651 5553 156,753,914.00 14.7 3.55

11-Oct-10 592 602.3 586.1 599.2 596.38 221822 4611 132,290,030.00 16.2 7.2

12-Oct-10 602 602 586.95 596.55 594.02 135709 2673 80,613,245.00 15.05 -5.45

13-Oct-10 600 612.3 593.15 607.2 606.01 266105 5355 161,263,390.00 19.15 7.2
14-Oct-10 620.55 620.55 593 597.55 602.9 145418 2982 87,672,879.00 27.55 -23

15-Oct-10 603 604.9 578.4 582 593.61 226153 5217 134,245,675.00 26.5 -21

18-Oct-10 583 586.95 569.25 579.35 575.45 212994 3617 122,567,617.00 17.7 -3.65

19-Oct-10 589 589.5 572.25 575.8 583.21 144601 2685 84,332,483.00 17.25 -13.2
10.3
20-Oct-10 576.5 594.9 573 586.85 587.28 222377 5100 130,597,524.00 21.9 5

21-Oct-10 592 601.3 588.7 594.1 596.18 166454 3900 99,236,732.00 12.6 2.1

22-Oct-10 599 609 593.5 605.75 601.94 278280 4722 167,509,126.00 15.5 6.75

25-Oct-10 611.5 616.7 608.15 612.25 612.85 283610 5172 173,810,588.00 8.55 0.75

26-Oct-10 613 616 596.9 600.1 603.73 147035 3111 88,770,131.00 19.1 -12.9

27-Oct-10 601.5 606 590.65 593.5 598.08 92520 2434 55,333,917.00 15.35 -8
-
11.1
28-Oct-10 593.5 597.85 577 582.35 588.51 111017 2936 65,335,103.00 20.85 5

29-Oct-10 580.15 589 572.9 579.75 580.63 146353 2899 84,977,253.00 16.1 -0.4

1-Nov-10 582 604.5 582 601.6 597.61 80042 1672 47,833,686.00 22.5 19.6

2-Nov-10 604.9 606.6 592 602.3 601.28 108215 2405 65,067,456.00 14.6 -2.6

3-Nov-10 606 611.9 598.15 602.3 606.36 129943 2852 78,791,974.00 13.75 -3.7

4-Nov-10 602.1 610.5 600 608.05 605.81 129714 2151 78,582,105.00 10.5 5.95

5-Nov-10 611 614.4 610 612.75 612.6 63332 1251 38,797,404.00 4.4 1.75

8-Nov-10 615 624 609.2 617.9 619.02 219077 4067 135,613,097.00 14.8 2.9

9-Nov-10 615.55 623.9 610 617.1 616.54 111898 2519 68,989,115.00 13.9 1.55

10-Nov-10 615.75 617 602.2 604.05 611.34 98068 1815 59,953,177.00 14.8 -11.7
-
25.1
11-Nov-10 610 624.9 579.5 584.85 600.88 1025386 19178 616,133,256.00 45.4 5
-
14.5
12-Nov-10 590 597 572.1 575.45 583.62 400451 7594 233,710,260.00 24.9 5

15-Nov-10 580 580 560.4 564.7 565.6 228094 4589 129,009,639.00 19.6 -15.3

16-Nov-10 567 579.55 561 567.4 569.78 257636 5105 146,796,749.00 18.55 0.4

18-Nov-10 570.1 576.9 551 572.65 565.73 249958 5776 141,408,519.00 25.9 2.55
-
20.3
19-Nov-10 575.5 575.5 551 555.15 562.84 162654 3214 91,548,042.00 24.5 5
 22-Nov-10 561 575 558.5 570.65 567.61 136084 3690 77,242,911.00 16.5 9.65

23-Nov-10 567.8 579.4 561.9 570.35 570.08 314969 6386 179,558,461.00 17.5 2.55

24-Nov-10 571 578.45 562.5 564.75 570.51 253266 5599 144,489,575.00 15.95 -6.25
-
18.2
25-Nov-10 566 568.1 543 547.75 554.18 296861 7776 164,513,010.00 25.1 5

26-Nov-10 549 554.95 530.5 544.85 543.13 170705 5700 92,715,678.00 24.45 -4.15

29-Nov-10 561 574 561 565.75 568.73 345145 6239 196,295,439.00 13 4.75

30-Nov-10 569 578.7 566 571.45 573.15 164772 3740 94,438,400.00 12.7 2.45

1-Dec-10 579 580 569.55 576.5 575.84 212782 3909 122,528,719.00 10.45 -2.5

2-Dec-10 579 589.65 569 580.25 583.75 189313 5938 110,511,933.00 20.65 1.25

3-Dec-10 583 583.7 569 573.65 574.87 93480 2175 53,738,842.00 14.7 -9.35

6-Dec-10 574 583.75 566 568.25 576.74 88656 2270 51,131,904.00 17.75 -5.75

7-Dec-10 564.35 573 558 561.7 564.73 94504 2446 53,368,945.00 15 -2.65

8-Dec-10 561 569.5 558 566.65 565.86 116631 2521 65,996,963.00 11.5 5.65
-
23.5
9-Dec-10 570 572.5 543 546.45 556.65 117801 2660 65,573,711.00 29.5 5

10-Dec-10 546.45 567.5 534 552.9 554.64 249927 5822 138,619,137.00 33.5 6.45

* Spread

H - L -> High - Low

C - 0 -> Close - Open

ANALYSIS

Ranbaxy share price has been facing rise and fall. There is no constant rise or fall in the share price. The
highest price of the company in the past 3month is 620.55 on 14 oct. After that the companies share has
been fluctuating between 560-600 . The closing price on 10 th December is Rs. 552.9, which is again a
dip in the price.

Ranbaxy Labs is looking very fairly valued at current market price. Ranbaxy has also received
US approval for anti-bacterial drug Clarithromycin. The total sales for the drug are estimated at
US $100 million.
Ranbaxy has announced on 3rd of October that it is all set to acquire 45% stake in Zenotech for
Rs 250 crore. After the deal, Ranbaxy will get a controlling stake of 51% in the Zenotech. The
final announcement is expected very soon.

The stock is trading at a P/E of 24.61 at current price. With earnings per share of Rs 17.60 per
share, the stock looks a good long term investment.

Valuation Outlook:
At present stock is trading at Rs 567.15 with P/E(X) 35.3 and trailing EPS(TTM) is 14%.

Currently Book value and P/BV of the share is Rs 94.1 and 4.8 respectively.

We recommend buy for the stock with target price Rs 725.