New Delhi, June 5 -- Dr. Reddy's Laboratories share price jumped over 4% on Thursday amid string buying momentum. Dr. Reddy's shares rallied as much as 4.09% to Rs.1,303.45 apiece on the BSE.

Life Insurance Corporation of India (LIC), the state-run insurance giant, has increased its stake in Dr. Reddy's Laboratories. A stock exchange filing showed that LIC bought 1.67 crore equity shares of Dr. Reddy's Laboratories, raising its shareholding in the pharma company to above 8%.

LIC purchased 1,67,89,472 shares of Dr. Reddy's Laboratories, equivalent to 2.012% stake in the company, through open market purchase. The shares were acquired between 28 October 2024 to 3 June 2025.

Prior to the transactions, LIC held 5,17,69,600 shares of Dr. Red...