Divis Lab shares gain over 2% on strong earnings

Written by Press Trust of India | Mumbai | Updated: Feb 5 2014, 02:22am hrs
Divis LaboratoriesShares of Divis Lab ended at Rs 1,344.20, up 2.36 per cent from its previous close, on the BSE. Reuters
Pharma company Divis Laboratories' shares gained over 2 per cent today after its December-quarter earnings beat estimates.

Shares of Divis Lab ended at Rs 1,344.20, up 2.36 per cent from its previous close, on the BSE. During the day, the stock rose by 5.85 per cent to Rs 1,390 -- its 52-week high.

At the NSE, the scrip went up by 1.83 per cent to close at Rs 1,337.05. The company had announced its results after trading hours yesterday.

It reported 51.83 per cent increase in its standalone net profit at Rs 219 crore against Rs 144.24 crore in the corresponding period of 2012.

Income from operations rose to Rs 687.41 crore in October-December quarter of 2013, from Rs 533.33 crore in the year-ago period.