Shares of Divis Lab made a new 52 week high of Rs 1,267.75, rising from a previous closing of Rs 1,194.05. This is also its lifetime high. The share price surged almost 6 per cent since this morning after it reported a hefty year on year jump in standalone net profit.
Divis Lab share price is currently trading at Rs 1,263.40, up by 5.81 per cent. The intraday high and the intraday low so far have been Rs 1,267.75 and Rs 1,210.15 respectively.
Divis Laboratories reported 23 per cent year on year jump in standalone net profit at Rs 302 crores for the quarter ended 30th June 2016 (first quarter of FY17), as a result of strong revenue growth. This pharmaceuticals company had registered a profit of Rs 245 crores in the corresponding quarter of the previous year.
Total income from operations grew 25 per cent at Rs 1,008 crores for the quarter ended 30th June 2016 as against Rs 809 crores in the corresponding quarter of the previous year.
The market analysts on an average earlier expected profit of Rs 261 crores on revenues of Rs 936 crores.
The EBITDA (earnings before interest, depreciation and taxes) margin expanded 268 basis points to 40 per cent from 37.32 per cent. The EPS for the quarter ended 30th June 2016 is Rs 11.37 against Rs 12.14 for the quarter ended 31st June 2016.
Since this morning a total of 5,78,725 shares of the Company has been traded on the NSE counter amounting to a total worth of Rs 7,172.14 lacs. The lifetime low of the share is Rs 917.80 made earlier this year on 29th February. The Lower Price Band is 1,074.65 and the Upper Price Band is 1,313.45.
Divis Lab is Dynamic levels recommended Top 500 Share. Get the most important support and resistance of the share at Divis Lab share price forecast.
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