Shares of Marksans Pharma have soared to new highs
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Shares of Marksans said its first quarter profit rose 23 percent to 31.4 crore rupees compared with 25.4 crore rupees in the same quarter a year ago. Sales rose 5 percent to 212.4 crore rupees during April-June compared with 202.4 crore rupees in the year ago period. Exports to the US and EU gained 22 percent to 43.1 crore rupees.
Marksans surged 5.30 rupees, or 5 percent, to 114.10 rupees, a record high on the National Stock Exchange, where 53 lakh shares were traded by 1:35 pm compared with a 5-day average of 53 lakh shares.
Marksans' market capitalisation has leapt 240 percent to 4,604 crore rupees over one year as investors bought into a turnaround story showing higher sales and improved profitability.
Image credit: Indiatimes
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