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Shares of Dishman Pharmaceuticals & Chemicals has soared 14% to Rs 258, also its fresh 52-week high on the National Stock Exchange (NSE), on back of heavy volumes.
The trading volumes on the counter jumped more than three-fold. A combined 6.99 million shares representing 8.7% of total equity of Dishman Pharma changed hands on the NSE and BSE till 13:05 PM.
In past three trading sessions, the stock of drug maker rallied 23% from Rs 210 on August 28, after reported a strong 59% year-on-year (Y-o-Y) growth in consolidated net profit at Rs 37.76 crore for the quarter ended June 30, 2015 (Q1), on account of lower raw material cost. The company had profit of Rs 23.81 crore in a year ago quarter.
The standalone net profit of the company jumped five-fold at Rs 8 crore in June quarter against Rs 1.6 crore in the corresponding quarter of previous year.
Meanwhile, in past three months, the stock appreciated 100% from Rs 129 on June 3, after the promoters of the company released part of their pledge shares from financial institutions and increasing their unpledged holding in their firms.
As of June 2015, about 17.26% of total 61.4% of promoters holding are pledge against 30.31% at the end of March 2015 quarter, the shareholding pattern data shows.
At 13:05 PM, the stock was up 13% at Rs 255 on the NSE.
The trading volumes on the counter jumped more than three-fold. A combined 6.99 million shares representing 8.7% of total equity of Dishman Pharma changed hands on the NSE and BSE till 13:05 PM.
In past three trading sessions, the stock of drug maker rallied 23% from Rs 210 on August 28, after reported a strong 59% year-on-year (Y-o-Y) growth in consolidated net profit at Rs 37.76 crore for the quarter ended June 30, 2015 (Q1), on account of lower raw material cost. The company had profit of Rs 23.81 crore in a year ago quarter.
The standalone net profit of the company jumped five-fold at Rs 8 crore in June quarter against Rs 1.6 crore in the corresponding quarter of previous year.
Meanwhile, in past three months, the stock appreciated 100% from Rs 129 on June 3, after the promoters of the company released part of their pledge shares from financial institutions and increasing their unpledged holding in their firms.
As of June 2015, about 17.26% of total 61.4% of promoters holding are pledge against 30.31% at the end of March 2015 quarter, the shareholding pattern data shows.
At 13:05 PM, the stock was up 13% at Rs 255 on the NSE.
