Money on the markets

Results fail to prop up Dr Reddy’s

Kshitij Anand

Jul 22, 2010 11:02 UTC

Shares in Dr Reddy’s dropped 1.6 percent on Thursday despite the drugmaker reporting a 7.5 percent rise in profit for the June quarter.

Net profit was at 2.44 billion rupees ($52 million), up from 2.27 billion rupees a year earlier, according to a posting on the National Stock Exchange.

Shares in the counter have given a positive return of over 20 percent so far this year. Do you think it is the right time to invest in the stock?

Dr Reddy’s surges on Glaxo report

Kshitij Anand

Sep 18, 2009 14:37 UTC

Dr Reddy’s shares hit an intra-day high of 900 rupees on Friday before closing 3.6 pct up at 865.45 rupees.

Shares in the drugmaker jumped to a 3-1/2-year high on a report that GlaxoSmithline is in talks to buy a 5 percent stake in the company for $150 million.