Dr Reddy shares, May 13 -- Shares of pharma major Dr Reddy's Laboratories swung between gains and losses in morning deals on the BSE on Wednesday, 13 May, a day after reporting a 86% year-on-year (YoY) drop in its March-quarter (Q4FY26) profit.

Dr Reddy's Laboratories share price opened at Rs.1,220.20 against its previous close of Rs.1,270.10 and climbed 2.6% to an intraday high of Rs.1,303.55. The stock, however, erased all gains later and declined as much as 4% to hit an intraday low of Rs.1,220.20.

Dr Reddy's Q4FY26 consolidated net profit dropped 86% YoY to Rs.220 crore. Even sequentially, or on a quarter-on-quarter (QoQ) basis, the profit fell by nearly by 82%.

Revenue for the quarter dropped 11.64% YoY and nearly 14% QoQ to Rs.7,...