Dr Reddy's hits all-time high ahead of Jan-March earnings

Shares in Dr.Reddy's Laboratories Ltd  gain as much as 2.9 per cent to an all-time high of Rs 2,152 on hopes the Indian drugmaker will beat earnings estimates for the March quarter by a wide margin, according to multiple dealers.

They cite market speculations that Dr.Reddy's will report a net profit of over Rs 500 crore for the January-March period versus analyst estimates of Rs 446 crore as provided by Thomson Reuters StarMine.

Dr.Reddy's shares up 0.54 per cent at 1:34 p.m.

The company spokesman refrained from comment.

Copyright: Thomson Reuters 2013