Arvind Remedies locks at upper circuit on Q1 nos

Arvind Remedies was locked at 20% upper circuit at Rs 41.55 on BSE, with the stock extending Monday's 6.94% rally triggered by the company reporting strong Q1 earnings.

On BSE, so far 25.55 lakh shares were traded in the counter as against average daily volume of 2.69 lakh shares in the past one quarter.

The stock hit a low of Rs 35.80 so far during the day. The stock had hit a 52-week high of Rs 59.95 on 8 November 2013. The stock had hit a 52-week low of Rs 30 on 24 July 2014.

Shares of Arvind Remedies have surged 28.24% in two trading sessions from a recent low of Rs 32.40 on 8 August 2014, after the company during market hours on Monday, 11 August 2014, reported strong Q1 June 2014 earnings. The stock had rallied 6.94% to settle at Rs 34.65 on Monday, 11 August 2014.

Arvind Remedies' net profit jumped 58% to Rs 26.11 crore on 40.7% growth in net sales to Rs 258.46 crore in Q1 June 2014 over Q1 June 2013.