Dr Reddy's Laboratories Ltd ADR

RDY: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$12.00	Msnwc	Nbsfwdy

Dr. Reddy's New Products Continue to Offset Price Erosion

Debbie Wang , Matthew Sanders

Jan 30, 2023

Dr. Reddy’s reported strong third-quarter results driven by new product launches and currency tailwinds, outpacing price erosion across regions and upholding its narrow moat. We maintain our fair value estimate of $60 per share.

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