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GSK Pharma hits record high ahead of Q1 results

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Capital Market
Last Updated : May 07 2013 | 10:30 AM IST

Meanwhile, the BSE Sensex was up 115.96 points, or 0.59%, to 19,789.60.

On BSE, 8,618 shares were traded in the counter as against an average daily volume of 7,930 shares in the past one quarter.

The stock hit a high of Rs 2,522 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 2,310.25 so far during the day. The stock had hit a 52-week low of Rs 1,916 on 4 July 2012.

The stock had underperformed the market over the past one month till 6 May 2013, rising 5.59% compared with the Sensex's 6.63% rise. The scrip had, however, outperformed the market in past one quarter, rising 12.41% as against Sensex's 0.17% rise.

The large-cap company has an equity capital of Rs 84.70 crore. Face value per share is Rs 10.

GlaxoSmithkline Pharmaceuticals' (GSK Pharma) net profit rose 1.3% to Rs 138.51 crore on 16% growth in net sales to Rs 656.69 crore in Q4 December 2012 over Q4 December 2011.

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GSK Pharma is engaged in manufacturing and marketing pharmaceutical and healthcare products such as betamethasone, cefuroxime and ranitidine.

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First Published: May 07 2013 | 10:17 AM IST

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