Novartis India falls as Q2 profit drops
By IRIS
26th October 2012 12:18 PM
Novartis India fell on Friday after it has reported a fall of 8.89% in net profit to Rs 393.4 million for the quarter ended Sept 30, 2012 as compared to Rs 431.8 million in the same period last year.
Net sales of the company increased by 8.43% to Rs 2374.3 million
for the quarter ended Sept 30, 2012 as compared to Rs 2189.8
million in the same period last year.Shares ofthe companyare
trading at Rs 677, down Rs 10.1, or 1.47% at the Bombay Stock
Exchange (BSE) on Friday at 11:17 a.m.
The scrip has touched an intra-day high
of Rs 680.10 and low of Rs 676.05. The total volume of shares
traded at the BSE is 337.In the earlier session, the shares rose
1.82%, or Rs 12.25, at Rs 687.10. Currently, the stock is trading
down 27.53% from its 52-week high of Rs 934.20 and above 9.81% over
the 52-week low of Rs 616.50.
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