DRDr. Reddy's Laboratories500124Pharmaceuticals

Dr. Reddy's stock up about 1.5%, top Nifty gainer amid weak market, following a bullish Nomura note

By ScoutQuest · Mon 28 Sep 2026, 10:04 AM IST · 5 min read

Heard on Live television at 10:04:56 IST.

[10:04:56] 5 to 7% effective October the 1st. This is the third time prices are increasing this year and year-to-date around the 12% of price increases have happened, which is more than the inflation of the commodities which is by about 14%. And also uh price hikes began in March followed by June and this is the third time in October which it is happening. Now remember that uh GST cuts had happened in AC's uh last year in September from 20 to 18% when the cuts had happened. So now why are these increasing? The main reason is the high copper prices and other input cost which have risen which is taking up on the manufacturing costs for these companies and also usually companies take price increases during the festive season. You know also the Middle East crisis has had a bearing on the companies as well. And also new energy efficiency norms which has also taken up the manufacturing cost is leading the increase in AC prices. Uh 36 cents. Hm. Okay. Well uh and we will talk to Blue Star tomorrow. Of course uh uh keep an eye out uh for that conversation too. But it was uh DHL, if I'm not that has announced that from the 1st of January. Yes, DHL Express has announced an 8.9% increase in shipment charges in India from Jan 1 next year. No surprise. Yeah. Costs are going up for everybody. I'm wondering um how the whole commerce segment is going to price these in and whether that's going to have a bit of an impact. Beyond a point if it's going to cost me so much more to quickly order something in a minutes maybe we'll have to make the effort to go to the grocery store. walk there, bring it back. So I think across the board, quick commerce I would look out for maybe that's why you're seeing FM companies in this kind of a pain. Let's just pull up the latest crude prices also in a bit. But first let's go across to Punit. festival season has given auto sales a strong boost with retail volumes showing double digit growth across major passenger vehicles and two-wheeler makers. joining in with more details. Well uh thank you for that. I have done is compared the the 11-day period of Ganesh Utsav of 2026 with that of 2025 and you've seen a uh come through for all these companies. Before we get to the numbers of individuals you have to know that I like to like comparison. So uh last year even though it was split between August and September, we've taken those 11 days and these are actual retail sales uh that has done on the Vahan portal. Now liquidity was a big concern last year and that was also another factor that the base effect has also come through in these numbers. So uh you you saw that base effect in last September also and GST rate cuts were on 15th August of 2025 did lead to some slowdown. So all of those factors have to be washed out for before you see these numbers. But EV momentum has given a big [10:07:56] [10:10:56] Buy now, sell immediately. Buy now, sell. Hold, hold. Buy, sell. Confused. buy. What to sell? What to hold? Ask prophet with Mahima. Monday to Friday, 10:30 a.m. Only on All right, welcome back to India Euro. Whatever happy hiddings this Monday morning, they are not. The Nifty I the pity party with about a 240 point down tick early a percent. Bank Nifty is worse off of course 2% down. The Nifty itself a percent. The problem is the midcap and the small cap are not doing much either. If I pull up the advanced decline ratio for you, um, you will look at a pain point there as well, both 12%, percent and a half, and the midcap. Let's let's pull up the advanced decline ratio, yeah. That is a very very bad market. Now, you can put it down to things like, oh, there is going to be a Nifty monthly expiry maybe, but this is definitely more than that. One lone Ranger that is doing relatively okay is Dr. the Dr. Reddy's chart, uh, the top Nifty gainer, a percent and a half near uptake on the stock. On a day like today, that's uh, like a huge thumbs up for that. But why is that? Varsha joining in for more. Varsha, I believe there's a Nomura note, but what is that? and is it being seen as a positive? Well, of course, it's a positive one and it has been with target price of 1,740 now. Biologic is the key milestone when it comes to Dr. Reddy's and Nomura is bullish on that. Now, US FDA biologic clearly is expected in near term, which is of course a positive one. Now, the key trigger is Abicep which thing the drug which is used to, you know, reduce inflammation and is used for your pains. Abicep bio similar decision is due on December 18, 2026 and management is optimistic when it come on positive regulatory outcome and poor and also if you see Abicep put in is a potential game changer when it comes to Dr. Reddi is bullish on this particular drug. Uh Dr. Reddy's plan first wait launch was 50 plus country [10:13:56]

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