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Silver lining for Dr Reddy's
Financial Express Chandigarh
|December 20, 2024
● Share prices jump over 4% on upgrade by Nomura FE BUREAU New Delhi, December 19
PHARMACEUTICAL GIANT DR Reddy's Laboratories (DRL) saw a 4.34% surge in its share prices on Thursday in an otherwise sluggish market, reaching an intraday high of ₹1,330.45 following an upgrade by Nomura.
The Tokyo-based brokerage has upgraded the stock from 'Neutral' to 'Buy' with a revised target price of ₹1,500, down from ₹6,499, factoring in the 1:5 stock split on October 28.
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