Dishman Pharmaceutical & Chemicals shares jumped over 7 per cent intraday on Monday after the company reported 58.55 per cent Year-on-Year (YoY) rise in a consolidated net profit figures for the quarter ended June 2015. During April-June 2015, the company earned Rs 37.75 crore against Rs 23.81 crore in the corresponding quarter a year ago.
At 3.24 pm, the share price of the company was trading 7.58 per cent higher at Rs 225.80. It opened at Rs 209 and had touched a high and low of Rs 226 and Rs 208.25, in trade so far. The BSE Sensex was trading 0.39 per cent lower at 26,290.19.
The shares closed up 5.88 per cent at Rs 222.25.
Net sales of the company jumped 10.64 per cent YoY to Rs 400.04 crore during the quarter under review.
Sarabjit Kour Nangra, vice president, research, pharma, Angel Broking is bullish on Dishman Pharmaceutical shares and said, “We maintain our ‘BUY’ rating on Dishman Pharma shares with a price target of Rs 290.”