Dr Reddys Laboratories Ltd gained for a third straight session today. The stock is quoting at Rs 1356.8, up 2.35% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.76% on the day, quoting at 23768.69921875. The Sensex is at 78513.49, down 0.89%. Dr Reddys Laboratories Ltd has gained around 13.51% in last one month.
Meanwhile, Nifty Pharma index of which Dr Reddys Laboratories Ltd is a constituent, has gained around 4.3% in last one month and is currently quoting at 22697.9, down 0.1% on the day. The volume in the stock stood at 46.46 lakh shares today, compared to the daily average of 22.23 lakh shares in last one month.
The benchmark December futures contract for the stock is quoting at Rs 1350.35, up 2.44% on the day. Dr Reddys Laboratories Ltd is up 22.14% in last one year as compared to a 11.83% jump in NIFTY and a 39.64% jump in the Nifty Pharma index.
The PE of the stock is 23 based on TTM earnings ending September 24.