June 4, 2018 / 4:10 AM / 15 days ago

BUZZ-India's Dr. Reddy's Labs sees best day since May 22; FDA issues no observations after audit of plant

** Shares of Dr. Reddy’s Laboratories Ltd gain as much as 3.5 pct at 2,009.50 rupees - biggest intraday percentage gain since May 22

** Stock is top percentage gainer on the broader NSE index

** The company said on Saturday here it received no observations from the U.S. FDA audit of its API Srikakulam plant in the southern state of Andhra Pradesh

** More than 256,000 shares traded vs. 30-day moving avg of 558,854

** Up to Friday’s close, stock had fallen nearly 20 pct this year

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