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Dr Reddy's Lab declines after weak Q3 results

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Capital Market

Dr Reddy's Laboratories was down 1.91% to Rs 2,512.85 at 13:41 IST on BSE after consolidated net profit fell 39.13% to Rs 294.20 crore on 2.97% growth in total revenue from operations to Rs 3834.10 crore in Q3 December 2017 over Q3 December 2016.

The result was announced during market hours today, 25 January 2018.

Meanwhile, the S&P BSE Sensex was down 231.97 points or 0.64% at 35,929.67.

On the BSE, 1.21 lakh shares were traded on the counter so far as against average daily volumes of 53,010 shares in the past one quarter. The stock had hit a high of Rs 2,594.95 and a low of Rs 2,458.95 so far during the day. The stock had hit a 52-week high of Rs 3,175 on 6 February 2017 and a 52-week low of Rs 1,901.65 on 11 August 2017.

 

The large-cap company has equity capital of Rs 82.95 crore. Face value per share is Rs 5.

Dr Reddy's Laboratories is an integrated global pharmaceutical company.

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First Published: Jan 25 2018 | 1:36 PM IST

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