Dr Reddy's clarifies on cyber fraud news, no financial loss
DRREDDY · price
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On the reaction day the stock moved 0.8 pts more than Nifty 100 and 0.6 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Dr Reddy's responded to NSE's clarification request on a news report about hackers duping the company of Rs 2.16 crore. The company confirmed that a vendor's email was impersonated to redirect a payment. Funds were frozen in time and there was no financial loss to the company or vendor. The company stated no material impact and no undisclosed information affecting trading.
Minimal impact as company confirms no financial loss. May briefly affect sentiment but fundamentals unchanged.