Lyka Labs lost 2.04% to Rs 60 at 12:19 IST on BSE, with the stock sliding on profit booking after recent rally.
Meanwhile, the S&P BSE Sensex was up 191.53 points, or 0.6% at 32,220.42. The S&P BSE Small-Cap index was up 100.21 points, or 0.63% at 16,092.84.
On the BSE, 68,000 shares were traded on the counter so far as against the average daily volumes of 70,000 shares in the past two weeks. The stock had hit a high of Rs 62.70 and a low of Rs 59.20 so far during the day.
Shares of Lyka Labs had rallied 32% in the preceding seven trading sessions to settle at Rs 61.25 on Friday, 21 July 2017, from its close of Rs 46.40 on 12 July 2017.
Lyka Labs reported consolidated net profit of Rs 1.84 crore in Q4 March 2017, compared with net loss of Rs 11.99 crore in Q4 March 2016. Net sales fell 11.6% to Rs 30.60 crore in Q4 March 2017 over Q4 March 2016.
Lyka Labs is engaged in the manufacturing of pharmaceutical formulations and active pharmaceutical ingredients (APIs) across various therapeutic segments.
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