Shares of Aventis Pharma rose by nearly 6% in early trade on the BSE today, boosted by an over four-fold jump in net profit for the quarter ended December 31, 2010.
The company yesterday posted an over four-fold increase in net profit to Rs 104.9 crore for the three-month period ended December 31, 2010.
The board of the pharma firm has recommended a final dividend of Rs 23 apiece of Rs 10 face value for the year ended December 31, 2010.
Cheering the robust earnings and dividend declaration, the stock jumped by 5.81% to touch a one-month peak of 1,945 on the Bombay Stock Exchange.
In a similar fashion, Aventis Pharma spurted by 7% on the National Stock Exchange to touch an early peak of Rs 1,952.
On the volume front, over 34 lakh shares of the company changed hands in early trade on the NSE and BSE.
Meanwhile, the BSE benchmark Sensex was trading flat at 18,312.79 at 1115 hours today.