Thursday, 11 February 2016

Dr Reddy's to consider buyback of equity shares on Feb 17

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Dr Reddys Laboratories Ltd has informed BSE that a meeting of the Board of Directors of the company will be held on February 17, 2016, inter alia, to consider the Buyback of Equity Shares of the Company.

Stock commentary:

Dr Reddys Laboratories Ltd ended at Rs. 2886.85, down by Rs. 72.8 or 2.46% from its previous closing of Rs. 2959.65 on the BSE.

The scrip opened at Rs. 2920 and touched a high and low of Rs. 2935 and Rs. 2828 respectively. A total of 713535(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 49251.87 crore.

Dr Reddys Laboratories Ltd
BSE 2,950.90 64.05 (2.22%)
NSE 2,952.70 67.65 (2.34%)

The BSE group 'A' stock of face value Rs. 5 touched a 52 week high of Rs. 4382.95 on 20-Oct-2015 and a 52 week low of Rs. 2750 on 21-Jan-2016. Last one week high and low of the scrip stood at Rs. 3123.3 and Rs. 2828 respectively.

The promoters holding in the company stood at 25.51 % while Institutions and Non-Institutions held 41.91 % and 14.35 % respectively. The stock traded above its 200 DMA.


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