Dr Reddy's declines on recalling Rivastigmine Tartrate Capsules from the US market

Dr. Reddys Laboratories Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 500124 | NSE: DRREDDY

21 Aug 2015 Evaluate

Dr. Reddys Laboratories is currently trading at Rs. 4249.00, down by 48.00 points or 1.12% from its previous closing of Rs. 4297.00 on the BSE.

The scrip opened at Rs. 4300.00 and has touched a high and low of Rs. 4305.00 and Rs. 4220.00 respectively. So far 3197 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 4337.00 on 14-Aug-2015 and a 52 week low of Rs. 2794.85 on 22-Aug-2014.

Last one week high and low of the scrip stood at Rs. 4337.00 and Rs. 4160.45 respectively. The current market cap of the company is Rs. 71975.44 crore.

The promoters holding in the company stood at 25.48% while Institutions and Non-Institutions held 43.67% and 13.81% respectively.

Dr Reddy's Laboratories (DRL) has initiated voluntary recall of Rivastigmine Tartrate Capsules of 1.5 mg strength from the USA market, following 'Failed Dissolution Specifications'. Rivastigmine Tartrate Capsules are indicated for the treatment of mild to moderate dementia of the Alzheimer's type or Parkinson's disease.

A total of 60 bottles of 2952 units are recalled on the direction of US Food and Drug Administration (USFDA). The batch was manufactured at the company’s Bachupally unit and the recall was initiated under 'Class II' classification.

Dr. Reddy’s is an integrated global pharmaceutical company, committed to providing affordable and innovative medicines for healthier lives. Through its three businesses - Pharmaceutical Services and Active Ingredients, Global Generics and Proprietary Products - the company offers a portfolio of products and services including APIs, custom pharmaceutical services, generics, bio-similars, differentiated formulations and NCEs.

Dr. Reddys Labs. Share Price

1378.40 28.40 (2.10%)

29-Jun-2026 14:56 View Price Chart

Peers

Company Name	CMP
Sun Pharma. Inds.	1871.60
Dr. Reddys Labs.	1378.40
Cipla	1459.65
Zydus Lifesciences	1117.10
Lupin	2391.00
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