The joint venture between Dr. Reddy's Laboratories and Nestlé India is likely to have a positive impact on RDY's stock in the short term. This partnership could enhance RDY's market presence in the nutraceutical sector, potentially leading to increased sales and market share in India and other agreed territories. The strategic collaboration with a global giant like Nestlé could also improve investor sentiment towards RDY, given the potential for innovation and expanded distribution capabilities.