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Dr Reddys Laboratories Ltd continues to rise

Dr Reddys Laboratories Ltd is quoting at Rs 4906.2, up 0.03% on the day as on 12:49 IST on the NSE. The stock is down 6.39% in last one year as compared to a 24.07% jump in NIFTY and a 9.42% jump in the Nifty Pharma.

December 31, 2021 1:00 IST | capital market

Dr Reddys Laboratories Ltd gained for a fifth straight session today. The stock is quoting at Rs 4906.2, up 0.03% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.09% on the day, quoting at 17392.15. The Sensex is at 58360.9, up 0.98%. Dr Reddys Laboratories Ltd has gained around 6.51% in last one month.

Meanwhile, Nifty Pharma index of which Dr Reddys Laboratories Ltd is a constituent, has gained around 5.84% in last one month and is currently quoting at 14135.5, up 0.64% on the day. The volume in the stock stood at 1.71 lakh shares today, compared to the daily average of 3.36 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 4931, up 0.05% on the day. Dr Reddys Laboratories Ltd is down 6.39% in last one year as compared to a 24.07% jump in NIFTY and a 9.42% jump in the Nifty Pharma index.

The PE of the stock is 50.47 based on TTM earnings ending September 21.

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