Dr. Reddy's looks healthy amid slump in India stocks: cost-competitive pharmaceutical firm's shares might be right cure for investors, analysts say

Article Abstract:

Indian stock market observers unanimously rate the stocks of pharmaceutical firm Dr. Reddy's Laboratories Ltd. with a buy rating, due to the phenomenal gains of the company's shares. Dr. Reddy's shares are a few of the better-performing stocks in the Indian stock-exchange, with its stocks trading at about 19 times its forecast earnings for the year ending March 31, 1999. Dr. Reddy posted a 69% increase in net profits for in the first quarter ending June 30, 1998, with net profits amounting to 214 mil rupees and sales posting a 35% increase to reach 1.14 bil rupees. Dr. Reddy's is seen by many Indian stock market analysts as the safest place for investments, with the company's profits coming from its market of formulations and the company's investments in research and development.

Drugs & Pharmaceuticals, Pharmaceutical and Medicine Manufacturing, Drugs, Pharmaceutical industry, Stock-exchange, Stock exchanges, Dr. Reddy's Laboratories Ltd.

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Indian fund industry is hurt by its image

Article Abstract:

The Securities and Exchange Board of India will introduce changes in mutual fund rules in Aug. 1996 amidst weakening investor confidence. A proposal grants greater flexibility to asset-management firms to launch specific-area investment funds. Other proposals include allowing fund managers freedom to invest in money-market instruments and government bonds and the increase in investment limits to a single firm from 5% to 10% of the fund's assets.

Investment Companies, Open-End Investment Funds, Laws, regulations and rules, India. Securities and Exchange Board of India

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Indian fund's redemptions may set tone for stock market

Article Abstract:

Unit Trust of India's Unit Scheme 1964 (US-64) has suffered a sharp depreciation and analysts are worried that investors may redeem their investments. Analysts are worried that wary investors may force the company to sell-off shares to finance redemptions and thus complicate the company's financial situation. Analysts worry also that the sharp decline could hold off the infusion of fresh capital into the company.

Mutual Fund Mgmt Companies, Portfolio Management, Finance, Unit Trust of India

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