Marksans Pharma declared its quarter result on 13th August 2016. The company reported a fall of 94.21% profit in the first quarter of the financial year 2016-17. The profit was reported to be at Rs. 1.87 crores. The reported loss dragged the Marksans Pharma share price to the bottom of the seabed.
In the first quarter of the last financial year, the company had reported a net profit of Rs 32.3 crore. For the quarter under review, the company’s income stood at Rs. 186.75 crores, down by 120.7%, while it stood at Rs. 212.4 crores in the corresponding quarter of last financial year.
Today, Marksans Pharma share price dropped by over 12% and opened at Rs. 42, which stayed its Intraday high so far. The scrip went as low as Rs. 39.15. The stock, on 12th August 2016, closed at Rs. 45.85. Marksans Pharma share price is closer to its all-time low value, especially after it tanked significantly after Quarter results.
Dynamic Levels have identified Marksans Pharma as the multibagger stock for the month. The stock is traded in high volumes and in the 45 minutes of the beginning of the trade, the volume traded stood at 25,49,423 shares. The previous day closing price has been near the closest support level of Rs. 42.90 while the closest resistance stood at Rs. 52.90. For more details on the resistance and support level of Marksans Pharma, take a look at the Marksans Pharma share price forecast page of Dynamic Levels website. For other details, you might want to visit the Ladder on the Marksans Pharma share price history page.
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