Dr Reddy's shares crash 9% in 2 days; brokerages slash target prices after semaglutide supply disruption.
- Posted on July 10, 2026
- By Business News Today
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- 1 min read
Dr Reddy's shares crash 9% in 2 days; brokerages slash target prices after semaglutide supply disruption.
Dr Reddy's Laboratories shares extended their decline after the company delayed commercial supplies of its semaglutide product due to a quality-related API issue. While brokerages remain broadly positive on the long-term outlook, several have cut target prices and earnings estimates, citing near-term execution risks and slower product ramp-up.
