The stock ended with a loss of Rs 15 (4.5%) at Rs 318. However, volumes jumped over four-folds to 189,045 shares compared to its two-week daily trade average of 43,175 shares on the BSE today.
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(Updated at 1244 hrs)
Piramal Healthcare has slipped despite reporting a 24% increase in Q1 net profit.
The stock opened at Rs 330. Thereafter, it started slipping and touched a low of Rs 316 - down 5%. It is now down 4% at Rs 319. In the process, teh stock has declined 13% from its 52-week high of Rs 367. Around 7,944 shares have been traded on the BSE so far.
According to a release issued by the company to the BSE, the consolidated net profit increased 25% to Rs 85.10 crore in Q1FY10 from Rs 68.09 crore in the corresponding quarter a year ago.
Total income is up 16% at Rs 821.58 crore from Rs 708.43 crore.
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