DR. REDDYS LAB Share Price Up by 10%; BSE HEALTHCARE Index Up 3.4%

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DR. REDDYS LAB Share Price Up by 10%; BSE HEALTHCARE Index Up 3.4%
Fri, 18 Sep 03:32 PM

DR. REDDYS LAB share price has zoomed 10% and is presently trading at Rs 5,497.

Meanwhile, the BSE HEALTHCARE Index is at 20,689 (up 3.4%).

Among the top Gainers in the BSE HEALTHCARE Index today are DR. REDDYS LAB (up 10.1%) and NATCO PHARMA (up 14.1%).

ALEMBIC PHARMA (down 1.2%) and FORTIS HEALTHCARE (down 1.4%) are among the top losers today.

Over the last one year, DR. REDDYS LAB has moved up from Rs 2,725 to Rs 5,497, registering a gain of Rs 2,772 (up 94.9%).

On the other hand, the BSE HEALTHCARE has moved up from 13,071 to 20,689, registering a gain of 7,618 points (up 56.0%) during the last 12 months.

The top buzzing stocks among the BSE HEALTHCARE Index stocks during this same period were LAURUS LABS LTD (up 334.5%), GRANULES INDIA (up 255.3%) and J.B.CHEMICALS (up 189.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 39,200 (down 0.3%).

The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 3.7%), NTPC (up 2.8%) and POWER GRID (up 2.7%). Other gainers include SUN PHARMA (up 2.4%) and TECH MAHINDRA (up 2.3%). The most traded stocks in the BSE Sensex are ICICI BANK and ITC.

In the meantime, NSE Nifty is at 11,584 . The top gainers in the NSE Nifty include DR. REDDYS LAB (up 10.0%), CIPLA (up 7.0%) and ADANI PORTS & SEZ (up 3.8%). Other gainers include BHARTI AIRTEL (up 3.7%) and M&M (up 2.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,123 to 39,200, registering a gain of 2,077 points (up 4.74%).

DR. REDDYS LAB Financial Update...

DR. REDDYS LAB net profit declined 205.6% YoY to Rs 6 billion for the quarter ended June 2020, compared to a loss of Rs 6 billion a year ago. Net Sales rose 0.7% to Rs 44.3 billion during the period as against Rs 44.0 billion in April-June 2019.

For the year ended March 2019, DR. REDDYS LAB reported 108.9% increase in net profit to Rs 19.1 billion compared to net profit of Rs 9.1 billion during FY18.

Revenue of the company grew 8.2% to Rs 154 billion during FY19.

The current Price to earnings ratio of DR. REDDYS LAB, based on rolling 12 month earnings, stands at 46.5x.



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