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Divi's Lab surges after December quarter earnings beat estimates

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Reuters MUMBAI

MUMBAI (Reuters) - Shares in Divi's Laboratories rise after its December-quarter earnings beat estimates, dealers said.

The company on Monday reported a 51.84 percent increase in its standalone net profit at 2.19 billion rupees for the October-December quarter.

Divi's shares rose 3.5 percent to 1,359 rupees after hitting a high of 1,390 rupees.

(Reporting by Abhishek Vishnoi; Editing by Anand Basu)

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First Published: Feb 04 2014 | 2:42 PM IST

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