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Dr. Reddy’s Labs extends losses, stock hits 52-week low

Dr. Reddy’s Labs extends losses, stock hits 52-week low

Tuesday, March 21, 2017, 1:54 PM

Dr.Reddy’s Laboratories is sliding down for the third straight session and on Tuesday’s trading session it is down by 5% hitting its 52-week low of Rs.2602 on the BSE. The pharma major is making a strategic shift in the US by disposing of a more balanced portfolio including a mix of complex generic and plain-vanilla generic products, as there are constant delays in complex generic launches.
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