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Dr Reddy's slips over 4% on BSE

Dr Reddy's slips over 4% on BSE

According to media reports, a gas leakage happened in the Dr Reddy's Hyderabad plant on Wednesday, in which two employees of the company have lost their lives.

Dr Reddy's Laboratories on Wednesday plunged over four per cent in the early trade on Bombay Stock Exchange, amid reports of gas leakage in the pharma giant's Bollaram facility in Hyderabad.

According to media reports, a gas leakage happened in the Dr Reddy's Hyderabad plant on Wednesday, in which two employees of the company have lost their lives.

Reacting to the news, shares of Dr Reddy's tanked 4.13 per cent to a month-low of Rs 1,618 per piece on the Bombay Stock Exchange. The scrip saw a similar fall on the National Stock Exchange, and quoted at Rs 1,616.10, down 4.18 per cent in the morning session.

Meanwhile, the 30-share benchmark Sensex was trading at 20,084.07, up 23.75 points from previous close.

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Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Dec 22, 2010, 4:01 PM IST
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