Business Standard

Ajanta Pharma hits new high on stake hikes by promoter

Gabs Investments Pvt Ltd, one of its promoters has acquired 115,431 shares via creeping acquisition route since April

Related News

Ajanta Pharma has rallied over 5% to Rs 712, its lifetime high, after the promoter acquired almost 1% stake in the company through open market purchases.

Gabs Investments Pvt Ltd, one of its promoters has acquired 115,431 shares representing 0.98% stake in the company via route since April, according to disclosure made by the company on Monday.

The promoters hiked their stake by 3.31% to 70.13% in the last financial year ended March 2012.

Meanwhile, the stock has outperforming the market by gaining 32%, compared with 3.6% fall in the benchmark index, after reporting 52% year-on-year growth in net profit at Rs 77 crore for the quarter ended March 2012.

The company’s board of directors have recommended a dividend @ Rs 7.50 per share for the financial year 2011-12 and also splitting of its equity share of Rs 10 each in to 2 equity shares of Rs 5 each.

A combined 95,687 shares have changed hands on the counter so far on both the exchanges.

 

Read more on:   
|
|

Read More

Agri Min proposes Rs 170/quintal hike in paddy MSP

In view of rising farm input costs, the Agriculture Ministry has proposed a Rs 170 per quintal increase in the minimum support price (MSP) of paddy ...

Quick Links

 

Market News

Cardamom down 0.6% on subdued demand

Spice for delivery in September traded lower by 0.25%

Mentha oil up 0.2% on pick-up in demand

Oil for delivery in September edged up by 0.17%

Zinc sheds 0.28% on global cues, sluggish demand

Speculators trim positions on lower offtake from consuming industries

CARE gains on strong quarterly numbers

CARE surged 3.6% after the company posted 9.4% rise in the net profit at Rs 26.60 crore

Aluminium up 0.2% on global cues, spot demand

Metal firms up abroad as stronger-than-expected manufacturing data from China signals improving demand

Back to Top