Dr Reddys share price gains over 2% after Q1 earnings
The stock gained 2.19 per cent to close at Rs 2,134.65 on BSE. During the day, it climbed 4.83 per cent to Rs 2,189.95.
Shares of Dr Reddy's Laboratories today rose by over 2 per cent after the company reported nearly eight-fold jump in consolidated net profit for the first quarter of 2018-19 fiscal.
The stock gained 2.19 per cent to close at Rs 2,134.65 on BSE. During the day, it climbed 4.83 per cent to Rs 2,189.95.
On NSE, it rose by 1 per cent to end at Rs 2,110.
The company's market valuation went up by Rs 750.87 crore to Rs 35,421.87 crore.
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Dr Reddy's today reported nearly eight-fold jump in consolidated net profit to Rs 456.1 crore for the April-June quarter of 2018-19 on robust sales.
It had posted net profit of Rs 59.1 crore in the year-ago period. Its consolidated revenue was Rs 3,720.7 crore in the April-June quarter in the current fiscal, as against Rs 3,315.9 crore a year ago.
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