Dr. Reddy’s loses over 10% in three sessions
DSIJ Intelligence / 31 Jul 2017
Dr. Reddy’s Laboratories, in continuation of its losing streak, was lagging during early morning hours on the BSE. The stock was trading down by over 2%.
Dr. Reddy’s Laboratories, in continuation of its losing streak, was lagging during early morning hours on the BSE. The stock was trading down by over 2%.
Regulatory issues and erosion in base business has led to major decline in the profitability of the company. The stock slipped more than 10% in the last three trading sessions.
According to the market experts, the stock is expected to remain range-bound until there is more visibility on key launches in the US.
Dr.Reddy’s Laboratories was trading at Rs 2,408.40, down by Rs 53.65 or 2.18% as at 1103 hours on Monday, on the BSE.
The stock attracted traded volume of 3,73,609 shares and traded value of Rs 9,028.71 lakh on the NSE.
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