Dr Reddys Laboratories Ltd dropped for a fifth straight session today. The stock is quoting at Rs 6668, down 0.41% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.12% on the day, quoting at 24863.45. The Sensex is at 81221.43, down 1.19%.Dr Reddys Laboratories Ltd has eased around 3.73% in last one month.Meanwhile, Nifty Pharma index of which Dr Reddys Laboratories Ltd is a constituent, has increased around 4.67% in last one month and is currently quoting at 23156.7, down 0.39% on the day. The volume in the stock stood at 2.78 lakh shares today, compared to the daily average of 3.38 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 6703.5, down 0.41% on the day. Dr Reddys Laboratories Ltd jumped 18.75% in last one year as compared to a 26.04% rally in NIFTY and a 50.7% spurt in the Nifty Pharma index.
The PE of the stock is 27.13 based on TTM earnings ending June 24.