|Bid||124.55 x 0|
|Ask||0.00 x 0|
|Day's Range||123.60 - 126.00|
|52 Week Range||102.80 - 152.40|
|PE Ratio (TTM)||17.54|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Three days before Dr. Reddy's Laboratories Ltd announced quarterly results this summer, a message circulated on a private WhatsApp group saying the Indian drugmaker would not post good numbers. Dr. Reddy's was going to report a loss, according to the message on the "Market Chatter" group, which was posted on July 24 from a mobile phone number that Reuters traced back to Nishant Vass, an auto analyst at ICICI Securities, a leading Indian brokerage. The WhatsApp group had 45 members, mostly traders.
India is demanding millions of dollars in dividends from 12 reluctant state companies to make up for an expected tax revenue shortfall this fiscal year, as a slump in economic growth risks New Delhi overshooting its fiscal deficit target. The demand has been made following a finance ministry assessment on Oct. 25 of the financial health of 14 state companies, including top miner NMDC Ltd (NMDC.NS) and trading firm MMTC Ltd (MMTC.NS), according to a government document reviewed by Reuters.