As per views of Technical Analysts, Ranbaxy Labs is looking very fairly valued at current market price. The stock ended at 433.10 levels on Friday, down by Rs 9.20 or 2.08%.

Technical analyst, Vishwas Agarwal said the stock market was volatile mainly because of F&O expiry on yesterday, and some profit booking was also seen at upper level.

Stock analyst, KJMC Capital Markets, Anand Dama said yesterday, the security market deals in the positive though the majority of the international markets were down. The market showed lot of short covering. Despite that, political stableness also pulled the markets up.

After mid-session, stock market recovered as there were no remarks from the Left. The major buying was seen in PSU. Some buying was also seen in auto sector as auto numbers are anticipated in the coming two-three days.

As projected the market touched - NSE Nifty 4,326 and BSE Sensex 14,900 level, chaired by frontline stocks, said Vishwas Agarwal, technical analyst.