Dr Reddy's Laboratories share price falls 0.44% to ₹1,140 on September 16

Key Takeaways

• Dr Reddy's Laboratories slipped ₹5 or 0.44% to ₹1,140, finishing only ₹6 above the session low. 
• The closing price remained just ₹39 above the 52-week low of ₹1,101 and below all three displayed moving averages. 
• Every reported return period was negative, ranging from -5% over one month to -12.36% over one year. 

Dr Reddy's Laboratories share price closed September 16 at ₹1,140, down ₹5 or 0.44% from the previous close of ₹1,145. It opened at ₹1,142, briefly reached ₹1,150 and later fell to ₹1,134. The stock finished ₹6 above the low and ₹10 below the high. 

The day's range measured ₹16. From opening to close, Dr Reddy's declined just ₹2, considerably less than its movement between the intraday extremes. Volume reached 1,231,108 shares. 

The closing price remained relatively close to the bottom of its 52-week band. The annual low was ₹1,101, leaving the September 16 close ₹39 higher. Its 52-week high stood at ₹1,415, a ₹275 distance above the final value. The day's low of ₹1,134 came within ₹33 of the annual bottom. 

All three moving averages were higher than the share price. The 50-day DMA stood at ₹1,190.90, a ₹50.90 difference. The 100-day DMA was ₹1,219.40, leaving a ₹79.40 gap. At ₹1,238.30, the 200-day DMA was ₹98.30 above the close. The distance increased steadily across the longer averaging periods. 

Return readings were negative throughout. One month stood at -5%, followed by -10.90% over three months and -11.79% over six months. The one-year return was -12.36%. Only 0.57 percentage point separated the six-month and one-year figures, while the three-month reading was also within 1.5 points of those longer measurements. 

September 16 itself was much quieter than those historical changes, with a 0.44% decline and a ₹16 high-low span. The final price remained near the stock's annual low and below each displayed DMA. Its close was also nearer the day's low than the high, with just ₹6 separating the two.