Dr Reddy's Laboratories is currently trading at Rs. 1699.00, up by 19.00 points or 1.13% from its previous closing of Rs. 1680.00 on the BSE.
The scrip opened at Rs. 1680.00 and has touched a high and low of Rs. 1703.70 and Rs. 1680.00 respectively. So far 3216 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1728.70 on 02-Mar-2012 and a 52 week low of Rs. 1387.00 on 22-Aug-2011.
Last one week high and low of the scrip stood at Rs. 1703.70 and Rs. 1638.00 respectively. The current market cap of the company is Rs. 28741.33 crore.
The promoters holding in the company stood at 25.61% while Institutions and Non-Institutions held 40.92% and 16.02% respectively.
Dr Reddy's Laboratories, India’s second largest pharma company is likely to sign a definitive agreement with Japan-based Fujifilm by June 2012. This joint venture will develop and produce generic drugs for the Japanese market. It will take 2-3 years for the company to come out with products.
The company has to obtain product approvals from Japanese authorities before the launch. It had announced the partnership in July, 2011. As part of the JV agreement company is expected to set up a manufacturing facility. This JV will design products that fit the specific requirements of the Japanese market, aiming to deliver reliable, high quality generic drugs enabling the growth of generic drug market.
As per the agreement the new joint venture will have 51% stake owned by Fujifilm and 49% stake owned by Dr Reddy's. Making use of both Fujifilm's advanced quality control technologies and DRL's expertise in cost competitive production technologies for active pharmaceutical ingredients and formulations, the new company will develop, manufacture and promote competitive and high quality generic drugs.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1818.45 |
| Dr. Reddys Lab | 1349.60 |
| Cipla | 1482.05 |
| Lupin | 2181.90 |
| Zydus Lifesciences | 977.00 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
