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Dr Reddy's reclaims spot as India's 2nd most valuable pharma company

At 02:17 pm, Dr Reddy's Labs market cap stood at Rs 90,348 crore while that of Divi's Laboratories stood at Rs 89,119 crore, BSE data show

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Dr Reddy's Labs rallied 14 per cent to hit an intra-day high of Rs 5,497 on the BSE

SI Reporter Mumbai
Dr Reddy's Laboratories reclaimed the tag of being the second most valuable listed pharmaceutical company after its share price surged 14 per cent on Friday, surpassing drugmaker Divi's Laboratories.

At 02:17 pm, Dr Reddy's Labs market cap stood at Rs 90,348 crore, while that of Divi's Laboratories was Rs 89,119 crore, BSE data shows. Both these stocks hit their respective highs on Friday. Sun Pharma is the most valued listed company of India with market cap of Rs 1.26 trillion.

Dr Reddy's Labs rallied 14 per cent to hit an intra-day high of Rs 5,497 after the company entered into a settlement