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Dr. Reddys Plunges 3%; BSE HEALTHCARE Index Down 0.8%
Tue, 29 Oct 13:30

Dr. Reddys Plunges 3%; BSE HEALTHCARE Index Down 0.8%Image source: Kameleon007 /www.istockphoto.com

Dr. Reddys share price has plunged 3% and is presently trading at Rs 1,269.2.

Meanwhile, the BSE HEALTHCARE index is at 43,072.9 (down 0.8%).

Among the top losers in the BSE HEALTHCARE index today are Glenmark Pharma (down 3.2%) and POLY MEDICURE (down 3.2%).

CAPLIN POINT (up 3.6%) and MAX HEALTHCARE INSTITUTE (up 2.2%) are among the top gainers today.

Over the last one year, Dr. Reddys has moved down from Rs 5,512.3 to Rs 1,269.2, registering a loss of Rs 4,243.1 (down 77.0%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,318.2 to 43,072.9, registering a gain of 57.7% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 225.6%), Glenmark Pharma (up 120.8%) and SUVEN PHARMACEUTICALS (up 119.1%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,913.5 (down 0.1%).

The top losers among the BSE Sensex today are Tata Motors (down 4.4%) and Maruti Suzuki (down 2.5%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,292.5 (down 0.2%). Tata Motors and Hero Motocorp are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,913.5, registering a gain of 15,864.4 points (up 24.8%).

Dr. Reddys Financial Update...

Dr. Reddys net profit fell 1.0% YoY to Rs 13,865 million for the quarter ended June 2024, compared to a profit of Rs 14,007 million a year ago. Net sales rose 13.9% to Rs 76,961 million during the period as against Rs 67,579 million in April-June 2023.

For the year ended March 2024, Dr. Reddys reported 23.8% increase in net profit to Rs 55,779 million compared to net profit of Rs 45,073 million during FY23. Revenue of the company grew 13.5% to Rs 280,111 million during FY24.

The current Price to earnings ratio of Dr. Reddys, based on rolling 12 month earnings, stands at 19.1.


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