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Dishman Carbogen hits 5% lower circuit on weak June quarter results

The management said the performance is expected to normalize during upcoming quarters

pharmacy, drugs, medicine, pharma companies, pharmaceuticals, vaccine, coronavirus, covid, testing
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The business operations remained shut down temporarily during the quarter owing to the lockdown

SI Reporter Mumbai
Shares of Dishman Carbogen Amcis were locked in 5 per cent lower circuit at Rs 169.40 on the BSE on Wednesday after the company reported a consolidated net loss of Rs 21.4 crore for the quarter ended June 2020 (Q1FY21). The pharmaceutical firm had posted profit of Rs 34.31 crore in the year-ago quarter.

Till 09:29 am, a combined around 30,000 equity shares had changed hands on the NSE and BSE. There were pending sell orders for 100,000 shares on both the exchanges. The stock had a strong run-up, and it hit a 52-week high of Rs 216.65 on