Dr Reddys Laboratories Ltd soars 1.97%, rises for third straight session

Dr Reddys Laboratories Ltd rose for a third straight session today. The stock is quoting at Rs 1280.7, up 1.97% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.62% on the day, quoting at 25868.3. The Sensex is at 84466.7, up 0.61%. Dr Reddys Laboratories Ltd has dropped around 1.59% in last one month.

Meanwhile, Nifty Pharma index of which Dr Reddys Laboratories Ltd is a constituent, has dropped around 0.17% in last one month and is currently quoting at 22253.75, up 0.68% on the day. The volume in the stock stood at 8.63 lakh shares today, compared to the daily average of 19.74 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 1280.5, up 1.68% on the day. Dr Reddys Laboratories Ltd is down 4.39% in last one year as compared to a 4.39% gain in NIFTY and a 3.11% gain in the Nifty Pharma index.

The PE of the stock is 15.21 based on TTM earnings ending June 25.

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