Mumbai/Hyderabad: Dr Reddy’s Laboratories on Wednesday plunged over 4% in the early trade on Bombay Stock Exchange (BSE), 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 today, in which two employees of the company have lost their lives.
Reacting to the news, shares of Dr Reddy’s tanked by 4.13% to a month-low of Rs1,618 per piece on the Bombay Stock Exchange.
The scrip saw a similar fall on the National Stock Exchange (NSE), and quoted at Rs1,616.10, down 4.18% in the morning session.
Meanwhile, the 30-share benchmark Sensex was trading at 20,084.07, up 23.75 points from previous close.