Dr Reddys Laboratories Ltd eases for fifth straight session

Dr Reddys Laboratories Ltd is quoting at Rs 4637.45, down 0.31% on the day as on 13:24 IST on the NSE. The stock tumbled 7.59% in last one year as compared to a 51.73% rally in NIFTY and a 21.14% spurt in the Nifty Pharma index.

Oct 22, 2021 01:10 IST capital market

Dr Reddys Laboratories Ltd dropped for a fifth straight session today. The stock is quoting at Rs 4637.45, down 0.31% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.42% on the day, quoting at 18101.55. The Sensex is at 60723.26, down 0.33%.Dr Reddys Laboratories Ltd has eased around 3.33% in last one month.Meanwhile, Nifty Pharma index of which Dr Reddys Laboratories Ltd is a constituent, has eased around 3.1% in last one month and is currently quoting at 14169.95, down 1.66% on the day. The volume in the stock stood at 1.89 lakh shares today, compared to the daily average of 4.33 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 4625.25, down 0.88% on the day. Dr Reddys Laboratories Ltd tumbled 7.59% in last one year as compared to a 51.73% rally in NIFTY and a 21.14% spurt in the Nifty Pharma index.

The PE of the stock is 46.89 based on TTM earnings ending June 21.

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