Dr Reddy's shares fall on concerns Q3 results may miss estimates

Feb 14 2013, 12:15 IST
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Dr. Reddy's could miss consensus earnings per share (EPS) estimates by 6 percent. (Reuters) Dr. Reddy's could miss consensus earnings per share (EPS) estimates by 6 percent. (Reuters)
SummaryDr. Reddy's could miss consensus earnings per share (EPS) estimates by 6 percent.

Shares in Dr. Reddy's Laboratories Ltd fall 2.1 percent on worries the drug maker will post lower-than-expected October-December earnings, due later in the day.

Margins are also expected to see significant erosion, several dealers add.

Dr. Reddy's could miss consensus earnings per share (EPS) estimates by 6 percent in the October-December quarter, according to Thomson Reuters StarMine SmartEstimate data, which measures the forecasts from top-ranked analysts against wider forecasts.

StarMine SmartEstimate suggests EPS for the quarter ending December at 26.03 rupees compared with mean estimate of 27.89 rupees.

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