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Dr Reddy's sees sharpest intra-day rally since Sept 2020; stock surges 8%

The stock gained 9 per cent in two days after the pharma company reported better-than-expected revenue growth in March quarter (Q4FY22).

DRDO’s 2DG anti-Covid drug priced at Rs 990 per sachet: Dr Reddy's
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SI Reporter Mumbai
Shares of Dr Reddy’s Laboratories moved higher by 8 per cent to Rs 4,259 on the BSE in Friday’s trade. The stock gained 9 per cent in two days after the pharma company reported better-than-expected revenue growth in March quarter (Q4FY22). The board also recommended a final dividend of Rs 30 (600 per cent) per equity share of Rs 5 each for the financial year 2021-22.

The stock witnessed its sharpest rally in intra-day since September 2020. Earlier, on September 18, 2020, it zoomed 14 per cent in intra-day, and ended 10 per cent higher on the BSE.

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First Published: May 20 2022 | 2:33 PM IST

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