Money on the markets

A maturing market amid the mayhem

Dr Reddy’s touches 52-wk high after results

October 25, 2010


Shares in Dr Reddy’s Lab soared to their 52-week high of 1667 rupees on the first day of trade after the company declared quarterly results.

Dr Reddy’s Laboratories Ltd, India’s No. 2 drugmaker by sales, on Saturday reported a 32 percent jump in net profit for the quarter ending September, topping estimates.

Shares in Dr Reddy’s closed 1.3 percent higher at 1638 rupees.

The drugmaker said domestic sales jumped 25 percent in the quarter, helping boost profits.

Do you think this is the right time to invest in the stock?

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see