The stock surged to a new 52-week high of Rs 1,001 - up 12%. It finally ended with a huge gain of 10.5% at Rs 986. Over 583,283 shares changed hands at the counter today on the BSE.
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(Updated at 1355 hrs)
Dr.Reddy's has surged today following a 5% gain in ADR of the stock.
The stock opened at Rs 897 and soared 10.5% to touch a new 52-week high of Rs 985. The stock is now up 8.5% at Rs 969. The counter has witnessed comparatively heavy trade volumes of 311,449 shares on the BSE as against the two-week daily average trade of 72,720 shares.
In the New York Stock Exchange, Dr.Reddy's rallied 5.3% to $19.49, even as most other Indian ADRs ended in the red.
Further, Morgan Stanley has upgraded the rating of the company from 'equalweight' to 'overweight'.