Shares in Dr Reddy's Laboratories fall 2.1 percent on worries the drug maker will post lower-than-expected October-December earnings, due later in the day
Margins are also expected to see significant erosion, several dealers add.
Dr Reddy's could miss consensus earnings per share (EPS) estimates by 6 percent in the October-December quarter, according to Thomson Reuters StarMine SmartEstimate data, which measures the forecasts from top-ranked analysts against wider forecasts. * StarMine SmartEstimate suggests EPS for the quarter ending December at Rs 26.03 compared with mean estimate of Rs 27.89.
Dr Reddys Labs stock price
On November 27, 2015, Dr Reddys Laboratories closed at Rs 3099.10, down Rs 11.25, or 0.36 percent. The 52-week high of the share was Rs 4382.95 and the 52-week low was Rs 3010.00.
The company's trailing 12-month (TTM) EPS was at Rs 103.55 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 29.93. The latest book value of the company is Rs 623.38 per share. At current value, the price-to-book value of the company is 4.97.
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Dont see mkt going anywhere now; like Bharat Forge: Dipen