The stock extended gains and soared to a high of Rs 624 - up nearly 8% from its low. Finally it ended with a gain of 7% at Rs 631. Around 811,98 shares changed hands at the BSE today.
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(Updated at 1047 hrs)
Aurobindo Pharma has surged over 4% to a new 52-week high on strong Q1 performance.
The stock today opened in the red at Rs 588. However, it surged 5% from the open to touch a new 52-week high of Rs 619. It is now trading at Rs 617 - up 4.5%. The stock has gained 12% in the past week. Around 26,701 shares have been traded on the BSE so far.
Drug maker Aurobindo Pharma reported a 916% jump in consolidated net profit at Rs 166.6 crore during the first quarter of the current financial year, thanks largely to a foreign exchange gain of Rs 53 crore on account of the restatement of foreign currency convertible bonds as against a foreign exchange loss of Rs 56.6 crore reported in the corresponding period last year. The company’s net profit in the corresponding quarter previous year stood at Rs 16.4 crore. Consolidated income for the period grew 24.8% to Rs 852.8 crore from Rs 683.2 crore.
