Dr Reddy's Labs shares extend losses, down 3 per cent

Meanwhile, BSE earlier in the day sought clarification from the company on reports that Dr Reddy's shares fell on the buzz of issues raised in EIR for Duvvada plant.

Published: 03rd January 2018 05:37 PM  |   Last Updated: 03rd January 2018 07:14 PM   |  A+A-

Representational Image

By PTI

NEW DELHI: Shares of Dr Reddy's Laboratories remained under pressure for the fourth straight session and further fell by nearly 3 per cent today.

The stock slipped 2.97 per cent to settle at Rs 2,336.20 on BSE. During the day, it lost 4.51 per cent to Rs 2,299.

At NSE, shares of the company dipped 2.91 per cent to end at Rs 2,339.

The stock was the biggest drag on both the key indices Sensex and Nifty during the day.

In four trading sessions, the company's shares have fallen by nearly 4 per cent.

Meanwhile, BSE earlier in the day sought clarification from the company on reports that Dr Reddy's shares fell on the buzz of issues raised in EIR for Duvvada plant.

It later clarified that, "the company has already intimated the stock exchanges on November 21, 2017 regarding the updated status of USFDA audit of our formulations manufacturing facility at Duvvada, Visakhapatnam, Andhra Pradesh and has no further update." Further, the movement in price of company's scrip is completely market driven and hence the company has no comments to offer on share price movement, the filing added.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.