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Dr Reddys Laboratories Ltd under continued pressure

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Dr Reddys Laboratories Ltd is quoting at Rs 4723, down 0.35% on the day as on 13:24 IST on the NSE. The stock tumbled 11.53% in last one year as compared to a 23.88% rally in NIFTY and a 4.74% spurt in the Nifty Pharma index.

Dr Reddys Laboratories Ltd is down for a fifth straight session today. The stock is quoting at Rs 4723, down 0.35% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.15% on the day, quoting at 17773.2. The Sensex is at 59594.23, down 0.01%.Dr Reddys Laboratories Ltd has added around 3.33% in last one month.Meanwhile, Nifty Pharma index of which Dr Reddys Laboratories Ltd is a constituent, has increased around 3.47% in last one month and is currently quoting at 13912.25, down 0.08% on the day. The volume in the stock stood at 1.79 lakh shares today, compared to the daily average of 3.24 lakh shares in last one month.

 

The benchmark January futures contract for the stock is quoting at Rs 4753, down 0.21% on the day. Dr Reddys Laboratories Ltd tumbled 11.53% in last one year as compared to a 23.88% rally in NIFTY and a 4.74% spurt in the Nifty Pharma index.

The PE of the stock is 48.76 based on TTM earnings ending September 21.

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First Published: Jan 07 2022 | 1:35 PM IST

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