The stock price of major drug company Dr. Reddys is showing an increase of around 2% today.
In fact, the company announced on Friday that the US drug regulator USFDA has completed its inspection of its plant located in Srikakulam, Andhra Pradesh without comment. The effect of this news coming after the market closure on Friday is clearly visible on the stock of Dr. Reddy’s.
At the BSE, the shares of Dr Reddy’s rose to Rs 2,540.10, with strength of Rs 2,470.85, compared to the previous closed level. Since the positive start, Dr. Reddy’s stock has remained strong since this morning. Around Rs. 1200, the shares of the company are trading at Rs. 2,518.40 with an increase of Rs. 47.55 or 1.92%. Dr Reddys shares of market capitalization of Rs 41,828.35 crore have been raised to the upper level of Rs. 2,687.45 in the last 52 weeks and Rs. 1,888.00 in the lower level.
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