Shares of pharma firm Abbott India today rose by over 5 per cent after the company reported a 22.66 per cent rise in standalone net profit for the quarter ended September.
The stock jumped 4.88 per cent to end at Rs 4,925 on BSE. Intra-day, it gained 5.41 per cent to Rs 4,950.
At NSE, shares of the company surged 5.25 per cent to close at Rs 4,939.55.
Abbott India today reported a 22.66 per cent rise in standalone net profit at Rs 75.02 crore for the quarter ended September, mainly on account of robust sales.
The company had posted a net profit of Rs 61.16 crore in the year-ago period, Abbott India said in a BSE filing.
Standalone total income from operations also rose to Rs 729.43 crore during the quarter under review from Rs 648.98 crore a year ago.
Abbott India offers medicines in multiple therapeutic categories such as women's health, gastroenterology, cardiology, metabolic disorders and primary care.
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