Dr Reddy's Lab price crosses above the 50-day moving average, and MACD gives a buy signal
The Hyderabad-based drug major is recalling 4,320 bottles of Tacrolimus Capsules which are used to prevent the body from rejecting a transplanted organ.
Dr Reddy's Laboratories' chairman was of the opinion that the Indian pharma industry needs to develop stronger capabilities in innovation and R&D. Despite have the capabilities, Indian pharma industry do not get much global attention, he added.
The Hyderabad-based company has entered into a royalty-free, non-exclusive voluntary licensing agreement with Eli Lilly for the manufacture and marketing of the drug in India.
Net Sales are expected to increase by 9 percent Y-o-Y (down 1.9 percent Q-o-Q) to Rs. 4,849.3 crore, according to Sharekhan.
Net Sales are expected to increase by 16.5 percent Y-o-Y (up 4.3 percent Q-o-Q) to Rs. 5,121.8 crore, according to Yash Securities.
The company’s plants in India, Brazil, Russia, the United Kingdom and the United States were impacted by the breach which happened between 4.00-5.00 pm (US time), the report suggests.
Emkay Global Financial recommended hold rating on Dr. Reddy's Lab with a target price of Rs 5325 in its research report dated September 17, 2020.
Divi’s Lab is now reaping the benefits of its strategic vision
Top stocks from Nomura include ICICI Bank, Axis Bank, Larsen & Toubro and Dr. Reddy's Lab.
Net Sales are expected to increase by 1.9 percent Y-o-Y (up 2.3 percent Q-o-Q) to Rs. 3,905 crore, according to Sharekhan.
Net Sales are expected to increase by 5.3 percent Y-o-Y (up 0.4 percent Q-o-Q) to Rs. 3,750 crore, according to Sharekhan.
Under the Merchandise Exports from India Scheme (MEIS), the government provides duty benefits at different rates depending on product and country.
Centrum Research recommended hold rating on Dr Reddy's Lab with a target price of Rs 2000 in its research report dated May 28, 2018.
Net Sales are expected to increase by 11.1 percent Y-o-Y (down 3.7 percent Q-o-Q) to Rs. 3,663.7 crore, according to KR Choksey.
An analysis of remuneration disclosures made by top listed companies forming part of the blue-chip index Sensex -- under directions of the capital markets regulator Sebi -- shows that the pay packages of senior-most personnel such as CEOs and executive chairmen continue to remain high and rose further at most private sector firms during 2016-17.
In the technology space, Infosys rose 0.62 percent to USD 17.87 and Wipro gained 2.03 percent at USD 12.08.
In technology space, Infosys rose 1.97 percent to USD 32.53 and Wipro gained 0.75 percent at USD 12.09.
Indian ADRs ended mixed on Friday. In the technology space, Infosys gained 0.21 percent at USD 31.19 and Wipro rose 0.12 percent to USD 11.59 per ADR.
Indian ADRs closed higher on Thursday. In the banking space, ICICI Bank was up 0.66 percent to USD 10.69 and HDFC Bank gained 1.9 percent at USD 60.61 per ADR.
Indian ADRs closed higher on Thursday. In the banking space, HDFC Bank rallied 2.69 percent to USD 63.44 per ADR and rival ICICI Bank was up 0.35 percent at USD 11.59.
Indian ADRs ended flat with a negative bias on Wednesday. HDFC Bank fell 0.06 percent to USD 50.86 per ADR while ICICI Bank rose 0.08 percent to USD 11.65.
Tata Motors climbed 0.42 percent to USD 45.44 and Dr Reddy's Labs was up 0.94 percent at USD 50.57.
Among banks, HDFC Bank declined 0.40 percent to USD 47.92 and ICICI Bank was down 0.24 percent to USD 50.54 per ADR.
In the technology space, Infosys was down 0.11 percent to USD 61.11 and Wipro lost 0.18 percent to USD 12.19.