Amrutanjan Health Care rallies on strong Q2 earnings

The stock is now trading higher by 6 per cent.

Oct 27, 2014 03:10 IST India Infoline News Service

Amrutanjan Health Care started the day on a flat note, at Rs 292. Soon, the stock firmed-up and jumped to a high of Rs 322 - up 11 per cent from its previous close, as traders smartly picked up the shares of the company on the hopes of positive Q2 result.
In the late noon deals, the company reported 38 per cent growth in Q2 net profit to Rs 4.10 crore from Rs 2.97 crore in Q2FY14. Total sales also rose by 23.9 per cent to Rs 40.88 crore from Rs 32.99 crore.
Now, the stock has spurted 5.8 per cent at Rs 307. On the BSE counter, so far, 261,000 shares are traded, against its two-week daily average volume of 57,000 shares.
Meanwhile, the BSE Sensex has shed 110 points at 26,741.

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