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Dr Reddy's Q1 consolidated profit rises 52.8%
Source: IRIS | 30 Jul, 2014, 03.31PM
Rating: NAN / 5 stars.
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Dr Reddy's Laboratories, an integrated global pharmaceutical company, reported a rise of 52.77% in its net profit for the quarter ended June 30, 2014.

The company posted a consolidated net profit of Rs. 5.50 billion as compared to Rs. 3.60 billion for the corresponding quarter last year.

The growth was driven by a 32%growth in revenue from the global generics business and a 51% growth in revenues from North America, among others.

Total Income has increased by 22.69% to Rs. 35.36 billion for the quarter ended June 30, 2014 from Rs. 28.82 billion in the same period a year ago.

Shares of the company gained Rs 65.3, or 2.36%, to trade at Rs 2,832. The total volume of shares traded was 45,836 at the BSE (3.21 p.m., Wednesday).

The 30 share index, Sensex climbed 485.19 points, or 1.89%, to 26,126.75 in the week ended Jul. 25, 2014. On the other hand, the broad based NSE Nifty climbed 126.55 points, or 1.65%, to 7,790.45 in the same period.

Mid-cap stocks declined 74.59 points, or 0.81%, to 9,178.21 in the week. While small-cap shares lost 143.67 points, or 1.41%, to 10,037.17 during the week.

Major gainers over the week in the sectoral indices were IT gained 4.14%, TECk 3.66%, FMCG rose 3.57%, HC climbed 2.57%, and Oil & Gas went up 0.68%.

Power dropped 3.36%, Realty fell 2.84%, Capital Goods lost 2.23%, PSU declined 1.60%, and Auto went down 0.66% among major losers in the sectoral indices over the week.


  Indices Trend
    Sensex   Nifty
Period Value % Change Value % Change
1 Week 25,715.17 1.37 7,684.20 1.43
1 Month 25,099.92 3.86 7,508.80 3.80
3 Months 22,466.19 16.03 6,715.25 16.06
6 Months 20,647.30 26.26 6,120.25 27.35
1 Year 19,164.02 36.03 5,677.90 37.27



  Global Indices Watch
Index Latest Close Weekly % Gain/Loss
DOW 11,577.50 0.00
Nasdaq 2,652.87 0.00
FTSE 5,899.94 0.00
Nikkei 10,228.90 0.00


Major gainers in 30-share index were Housing Development Finance Corporation (8.49%), Tata Consultancy Services (6.64%), Hindustan Unilever (6.43%), Bharti Airtel (5.49%), and Sun Pharmaceutical Industries (5.13%) over the week.

On the other hand Bharat Heavy Electricals (4.66%), Tata Power Company (4.63%), G A I L (India) (3.91%), Tata Motors (2.80%), and State Bank Of India (2.35%) were the biggest losers in the Sensex over the week

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