Wyeth has rallied more than 4% at Rs 1,015 in an otherwise weak market after reporting a net profit of Rs 42.49 crore for the quarter ended June 30. The company had posted a net profit of Rs 26.65 crore for the quarter ended May 31, 2010.
“Net sales of the company stood at Rs 146 crore for the quarter ended June 30, 2011. It was Rs 122 crore for the quarter ended May 31, 2010," the pharmaceutical company said in a filing to the Bombay Stock Exchange (BSE).
The figures are not comparable as the current quarter is from April 1, 2011 to June 30, 2011, while the previous quarter was from March 1, 2010 to May 31, 2010, Wyeth said.
The stock opened at Rs 970 and hit a high of Rs 1,020 on the NSE. A combined 7,604 shares have changed hands on the counter till 1019 hours.
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