Shilpa Medicare jumps 8.4% after Q2 FY17 results

India Infoline News Service | Mumbai | November 28, 2016 12:59 IST

The company reported a net profit jump of 64% to Rs 38 crore in the quarter ended September 2016 as against Rs 23 crore during the previous quarter ended September 2015.

Shilpa Medicare
Shilpa Medicare Ltd is currently trading at Rs 679, up by Rs 55.4 or 8.88% from its previous closing of Rs 623.6 on the BSE. The company reported its net profit jumped 64% to Rs 38 crore in the quarter ended September 2016 as against Rs 23 crore during the previous quarter ended September 2015.

Its sales rose 21% to Rs 210 crore in the quarter ended September 2016 as against Rs 173 crore during the previous quarter ended September 2015.

The scrip opened at Rs 630.95 and has touched a high and low of Rs 686 and Rs 620 respectively. So far 498284 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4808.07 crore.

The BSE group 'B' stock of face value Rs 1 has touched a 52 week high of Rs 636 on 03-Oct-2016 and a 52 week low of Rs 355 on 20-Jan-2016. Last one week high and low of the scrip stood at Rs 632.95 and Rs 528.25 respectively.

The promoters holding in the company stood at 56.89 % while Institutions and Non-Institutions held 15.35 % and 27.76 % respectively.

The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

 

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