Dr Reddy's Laboratories rose 1.76% to Rs 3.295 at 13:59 IST on BSE after consolidated net profit declined 7.09% to Rs 574.53 crore on 9.17% growth in total income to Rs 3877.20 crore in Q3 December 2014 over Q3 December 2013.
The Q3 result was announced during market hours today, 29 January 2015.
Meanwhile, the S&P BSE Sensex was down 38.66 points or 0.13% at 29,520.52.
On BSE, so far 50,000 shares were traded in the counter as against average daily volume of 24,812 shares in the past one quarter.
The stock was volatile. The stock rose as much as 3.44% at the day's high of Rs 3,349.50 so far during the day. The stock fell as much as 0.76% at the day's low of Rs 3,213.20 so far during the day. The stock had hit a record high of Rs 3,662 on 1 December 2014. The stock had hit a 52-week low of Rs 2,250 on 19 May 2014.
The stock had underperformed the market over the past one month till 28 January 2015, advancing 3.46% compared with the Sensex's 8.51% rise. The scrip had also underperformed the market in past one quarter, rising 5.11% as against Sensex's 9.96% rise.
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The large-cap company has equity capital of Rs 85.18 crore. Face value per share is Rs 5.
Dr Reddy's Laboratories is an integrated global pharmaceutical company. Through its three businesses - Pharmaceutical Services and Active Ingredients, Global Generics and Proprietary Products - Dr Reddy's offers a portfolio of products and services including active pharmaceutical ingredients (APIs), custom pharmaceutical services, generics, biosimilars and differentiated formulations.
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