Alembic Pharma gains 4%; Q3 net profit soars

The company posted a net profit at Rs. 2694.90 mn for the quarter ended December 31, 2015 as compared to Rs. 706.60 mn for the quarter ended December 31, 2014.

Alembic Pharma Ltd stock was higher by 4% at Rs. 653. The company posted a net profit after tax and Share of Profit / (Loss) of Associates of Rs. 2694.90 mn for the quarter ended December 31, 2015 as compared to Rs. 706.60 mn for the quarter ended December 31, 2014.

 Total Income has increased from Rs. 5119.10 mn for the quarter ended December 31, 2014 to Rs. 9245.30 million for the quarter ended December 31, 2015.

The scrip opened at Rs. 639 and has touched a high and low of Rs. 656 and Rs. 637 respectively. So far 120385(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 11793.5 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 791.7 on 15-Jul-2015 and a 52 week low of Rs. 381.9 on 26-Feb-2015. Last one week high and low of the scrip stood at Rs. 671 and Rs. 573.55 respectively.

The promoters holding in the company stood at 74.13 % while Institutions and Non-Institutions held 12.6 % and 13.28 % respectively.

The stock is currently trading above its 100 DMA.