Ajanta Pharma gains on strong Q2 earnings
By IRIS
26th October 2012 02:18 PM
Mumbai-based Ajanta Pharma gained on
Friday after it reported a rise of 84.64% in net profit to Rs 218.8
million for the quarter ended Sept. 30, 2012 as compared to Rs
118.5 million in the same period last year.
The improvement in operating margins and higher sales helped the
company report strong earnings performance.
Shares ofthe companyare trading at Rs
419.20, up Rs 7.5, or 1.82% at the Bombay Stock Exchange (BSE) on
Friday at 12:46 p.m.Net sales has increased by 37.91% to Rs 1,863.7
million for the quarter ended Sept 30, 2012 from Rs 1,351.4 million
in the year ago period.The scrip has touched an intra-day high of
Rs 424 and low of Rs 415. The total volume of shares traded at the
BSE is 24,496.In the earlier session, the shares climbed 6.37%, or
Rs 24.65, at Rs 411.70. Currently, the stock is trading down 16.99%
from its 52-week high of Rs 505.00 and above 187.95% over the
52-week low of Rs 145.58.
Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 374.30 37.40 9.99 1 Month 420.50 (8.80) (2.09) 3 Months 366.78 44.93 12.25 6 Months 285.58 126.13 44.17 1 Year 161.33 250.38 155.20 Note: Based on previous day closing price.
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