Dr Reddys Laboratories Ltd gains for third straight session

Dr Reddys Laboratories Ltd gained for a third straight session today. The stock is quoting at Rs 7070.4, up 1.51% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.12% on the day, quoting at 24728.5. The Sensex is at 80764.15, down 0.05%. Dr Reddys Laboratories Ltd has gained around 4.42% in last one month.

Meanwhile, Nifty Pharma index of which Dr Reddys Laboratories Ltd is a constituent, has gained around 9.29% in last one month and is currently quoting at 22374.25, up 0.83% on the day. The volume in the stock stood at 2.77 lakh shares today, compared to the daily average of 3.85 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 7076.65, up 1.59% on the day. Dr Reddys Laboratories Ltd is up 19.32% in last one year as compared to a 27.49% jump in NIFTY and a 47.43% jump in the Nifty Pharma index.

The PE of the stock is 28.21 based on TTM earnings ending June 24.