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Merck hits 52-week high as Q3 profit doubles

The stock rallied 13% to Rs 906 in intra-day after reported profit of Rs 27.54 crore in Q3CY16 against Rs 12.51 crore in the same quarter last year.

Merck's pharma production plant in Nantong (China)

Merck's pharma production plant in Nantong (China)

SI Reporter Mumbai
Merck hit a 52-week high of Rs 906, up 13% on BSE in intra-day trade after the company reported more than double net profit at Rs 27.54 crore for the quarter ended September 30, 2016 (Q3CY16). The multi-national pharmaceutical company had posted a profit of Rs 12.51 crore in the same quarter last year.

Total operational income of the company during the quarter under review increased by 5% at Rs 269 crore against Rs 256 crore in the corresponding quarter of previous fiscal.

At 10:46 am, the stock was up 6% at Rs 847 on BSE, as compared to 1.3% decline in the S&P BSE Sensex. A combined 177,510 shares changed hands on the counter on BSE and NSE so far.
 
 

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First Published: Nov 15 2016 | 10:48 AM IST

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