DR. REDDYS LAB share price has zoomed 5% and is presently trading at Rs 2,958.
Meanwhile, the BSE HEALTHCARE Index is at 11,583 (up 1.5%).
Among the top Gainers in the BSE HEALTHCARE Index today are DR. REDDYS LAB (up 4.9%) and PROCTER & GAMBLE HEALTH (up 5.4%).
LAURUS LABS LTD (down 0.2%) and NATCO PHARMA (down 0.4%) are among the top losers today.
Over the last one year, DR. REDDYS LAB has moved up from Rs 2,779 to Rs 2,958, registering a gain of Rs 179 (up 4.4%).
On the other hand, the BSE HEALTHCARE has moved down from 14,114 to 11,583, loss of 2,531 points (down 20.8%) during the last 12 months.
The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 85.0%), IPCA LABS (up 40.5%) and J.B.CHEMICALS (up 38.3%).
Revealed: 3 Stocks for Potentially Massive Gains
The BSE Sensex is at 27,463 (up 0.9%).
The top gainers among the BSE Sensex stocks today are HUL (up 6.0%), HCL TECHNOLOGIES (up 5.6%) and INFOSYS (up 5.6%). Other gainers include TECH MAHINDRA (up 4.7%) and MARUTI SUZUKI (up 3.3%). The most traded stocks in the BSE Sensex are SBI and ONGC.
In the meantime, NSE Nifty is at 8,037 (up 1.1%). The top gainers in the NSE Nifty include HUL (up 6.2%), HCL TECHNOLOGIES (up 5.8%) and INFOSYS (up 5.6%). Other gainers include TECH MAHINDRA (up 5.3%) and DR. REDDYS LAB (up 4.8%) are among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved down from 37,809 to 27,463, registering a loss of 10,346 points (down 30.68%).
DR. REDDYS LAB net profit down at Rs 6 billion for the quarter ended December 2019, compared to a loss of Rs 5 billion a year ago. Net Sales rose 13.8% to Rs 44.0 billion during the period as against Rs 38.6 billion in October-December 2018.
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 29.4x. p >
What else is happening in the markets today? Dig in...
Indian share markets witnessed most of the buying interest during closing hours today and ended on a strong note.
BSE Sensex is trading up by 167 points, while the NSE Nifty is trading up by 50 points.
Indian share markets open in green. The BSE Sensex opened up by 156 points, while the Nifty is trading higher by 52 points.
Top cues to track in today's stock market session.
View More Indian Share Market NewsAjit Dayal on how India's vaccine strategy will impact the markets.
Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.
What should you do if the market falls? In this video, I'll tell you what I will do.
A favourable demand supply scenario makes a strong case for real estate prices.
Rahul Shah on whether Bharti Airtel will emerge as the next big thing in the Indian stock market
More
Equitymaster requests your view! Post a comment on "DR. REDDYS LAB Surges by 5%; BSE HEALTHCARE Index Up 1.5%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!