DR. REDDYS LAB at All Time High; BSE HEALTHCARE Index Up 0.3%

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DR. REDDYS LAB at All Time High; BSE HEALTHCARE Index Up 0.3%
Mon, 21 Sep 09:40 AM

DR. REDDYS LAB share price has hit an all-time high at Rs 5,515 (up 1.2%).

Meanwhile, the BSE HEALTHCARE Index is at 20,639 (up 0.3%).

Among the top gainers in the BSE HEALTHCARE Index today are DR. REDDYS LAB (up 1.2%) and ABBOTT INDIA (up 0.6%).

TORRENT PHARMA and GLENMARK PHARMA are among the top losers today.

Over the last one year, DR. REDDYS LAB has moved up from Rs 2,738 to Rs 5,515, registering a gain of Rs 2,777 (up 96.9%).

The BSE HEALTHCARE has moved up from 12,848 to 20,639, registering a gain of 7,791 points (up 59.2%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were LAURUS LABS LTD (up 346.6%), GRANULES INDIA (up 256.0%) and J.B.CHEMICALS (up 184.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,940 (up 0.2%). The top gainers among the BSE Sensex stocks today are HCL TECHNOLOGIES (up 4.5%), INFOSYS (up 2.2%) and TCS (up 2.1%). Other gainers include TECH MAHINDRA (up 2.1%) and KOTAK MAHINDRA BANK (up 1.2%). The most traded stocks in the BSE Sensex are HCL TECHNOLOGIES and INFOSYS.

In the meantime, NSE Nifty is at 11,529 (up 0.2%). The top gainers in the NSE Nifty include HCL TECHNOLOGIES (up 4.5%), TECH MAHINDRA (up 2.4%) and INFOSYS (up 2.2%). Other gainers include TCS (up 2.1%) and WIPRO (up 1.9%).

Over the last 12 months, the BSE Sensex has moved up from 36,481 to 38,940, registering a gain of 2,459 points (up 6.7%).

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 47.2x.

What else is happening in the markets today? Dig in...

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Oct 29, 2020 09:56 AM