Dr Reddys Laboratories Ltd extends losing spree

Dr Reddys Laboratories Ltd is quoting at Rs 3074.1, down 0.04% on the day as on 13:24 IST on the NSE. The stock jumped 16.81% in last one year as compared to a 7.62% rally in NIFTY and a 11.49% fall in the Nifty Pharma index.

Dr Reddys Laboratories Ltd is down for a fifth straight session today. The stock is quoting at Rs 3074.1, down 0.04% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.54% on the day, quoting at 11615.1. The Sensex is at 39648.31, down 0.6%.Dr Reddys Laboratories Ltd has lost around 3.61% in last one month.Meanwhile, Nifty Pharma index of which Dr Reddys Laboratories Ltd is a constituent, has eased around 6.6% in last one month and is currently quoting at 7839.2, up 0.32% on the day. The volume in the stock stood at 4.56 lakh shares today, compared to the daily average of 8 lakh shares in last one month.

 

The benchmark February futures contract for the stock is quoting at Rs 3067.4, down 0.24% on the day. Dr Reddys Laboratories Ltd jumped 16.81% in last one year as compared to a 7.62% rally in NIFTY and a 11.49% fall in the Nifty Pharma index.

The PE of the stock is 19.38 based on TTM earnings ending December 19.

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