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Dr Reddys Laboratories Ltd fell for a fifth straight session today. The stock is quoting at Rs 1233.4, down 0.1% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.12% on the day, quoting at 24664.4. The Sensex is at 80439.96, up 0.09%.Dr Reddys Laboratories Ltd has eased around 3.63% in last one month.Meanwhile, Nifty Pharma index of which Dr Reddys Laboratories Ltd is a constituent, has eased around 1.41% in last one month and is currently quoting at 21475.3, down 0.01% on the day. The volume in the stock stood at 14.52 lakh shares today, compared to the daily average of 13.62 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 1226.1, down 1.06% on the day. Dr Reddys Laboratories Ltd tumbled 8.62% in last one year as compared to a 4.39% slide in NIFTY and a 7.83% fall in the Nifty Pharma index.
The PE of the stock is 14.96 based on TTM earnings ending June 25.
Tegoprazan is already approved in 21 countries, including South Korea and China. It is currently under registration in several countries and has successfully completed Phase-III trial in the United States.
M.V. Ramana, chief executive officer, branded markets (India and emerging markets), Dr. Reddy’s, said: 'We are happy to launch Tegoprazan (PCAB) in India, reinforcing our commitment to innovation in gastrointestinal diseases treatment – a key focus area for us. Dr. Reddy’s has built a strong and trusted presence in the space, backed by a diverse portfolio of well-established brands such as Omez, Razo, and Vono. Our partnership with HK inno.N Corporation for Tegoprazan brings together complementary strengths to enhance patient access to an innovative molecule that addresses critical gaps in acid peptic disease management and improves outcomes.'
Dal-Won Kwak, chief executive officer, HK inno.N Corporation, said: “Through our partnership with Dr. Reddy’s, we are honoured to introduce Tegoprazan in the Indian market, recognized as one of the world’s most significant pharmaceutical markets. Just as the product launches under the brand name PCAB, we hope that Tegoprazan will establish itself as a leading innovative therapy within the potassiumcompetitive acid blockers class in India. We are confident that Tegoprazan will provide a valuable new treatment option for patients in India and contribute meaningfully to the improvement of gastrointestinal care.”
Hyderabad-based Dr. Reddy’s Laboratories is a global pharmaceutical company engaged in active pharmaceutical ingredients (APIs), generics, branded generics, biosimilars and over-the-counter (OTC) products.
On the financial front, the company’s consolidated net profit rose 1.8% to Rs 1,418.10 crore on an 11.4% increase in revenue from operations to Rs 8,545.20 crore in Q1 FY26 over Q1 FY25.
The scrip rose 0.75% to end at Rs 1310.55 on the BSE.