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.



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