Cadila Healthcare in the pink of health

Cadila Healthcare rose 1.86% to Rs 1,692.10 at 9:43 IST on BSE after the company said it has purchased 50% shares of Zydus BSV Pharma from Bharat Serums and Vaccines and now Zydus BSV has become 100% subsidiary of Cadila Healthcare.

The announcement was made after market hours yesterday, 26 March 2015.

Meanwhile, the S&P BSE Sensex was up 46.85 points or 0.17% at 27,504.43.

On BSE, so far 6,020 shares were traded in the counter as against average daily volume of 21,000 shares in the past two weeks.

The stock hit a high of Rs 1,721 and a low of Rs 1,686.65 so far during the day.

On a consolidated basis, Cadila Healthcare's net profit rose 51.6% to Rs 281.91 crore on 17.5% growth in net sales to Rs 2159.54 crore in Q3 December 2014 over Q3 December 2013.

Cadila Healthcare is an innovative, global pharmaceutical company that discovers, develops, manufactures and markets a broad range of healthcare therapies.

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