Strong sales in Q4 during war aided by 'stocking up of inventory'
While the company's bottom line grew 10.5% annually over the 2016-17 through 2021-22 (FY22) period, it is expected to register thrice that growth rate over next two years, observes ICICI Securities
The market was expecting Tata Motors to replace DRL in the 30-share index
Dr Reddy's Q4 results: The revenue was up 15% to Rs 5,437 crore for the quarter under review
The company's Russian revenue was at Rs 686 crore for Q4FY22, a year-on-year growth of 70%.
The pharmaceutical giant may witness some impact due to its large exposure of the business to Russia, and CIS regions.
The acquisition of Cidmus is yet another move by drug major to widen access of healthcare professionals and patients to well-established brands
Meanwhile, local manufacturing partners have either halted or reduced production of Sputnik Light owing to low demand
US price erosion, India growth trends would be keenly tracked
The stock of the pharmaceutical company, which has a significant presence in the Russian market, has fallen below its previous low of Rs 4,135.90 touched on March 19, 2021
During the transition period, Dr Reddy's will continue to supply the product to Binnopharm Group to ensure availability in the market
Dr Reddy's Laboratories said it has launched vasopressin injection, which is used to control frequent urination, increased thirst, and loss of water caused by diabetes, in the American market.
Dr Reddy's Laboratories, marketing partner of the Russian Direct Investment Fund for the Sputnik V and Sputnik Light vaccines, has sought government approval for use of Sputnik Light as a booster shot
Dr Reddy's Laboratories on Friday said it is in discussions with the Indian drug regulator to bring Russia's Sputnik M, a COVID-19 vaccine for the 12 to18-year-old category, to India.
In a Q&A, the chairman of Dr Reddy's Laboratories dwells, among other things, on the draft R&D policy and the first-ever Global Innovation Summit of the pharma sector held last November
Nifty should be held long with the stoploss of 16,650.
For rerating, it needs sustained growth in India, recovery in US
Booster shot with Sputnik trials may also begin
The German drug maker has obtained interim injunctions against MSN Labs and Dr Reddy's Lab
Hospital industry sources claim they want assurance on shelf life of imported vaccines