Divi's Labs surges 14% on strong Q2 results; stock hits record high

The stock surged 14% to Rs 1,433 on the BSE in early morning trade on Monday, after reported a healthy 92% Y-o-Y jumped in net profit at Rs 3.98 billion in September quarter.

Shares of Divi’s Laboratories have surged 14% to Rs 1,433 per share on the BSE in early morning trade on Monday, after the company reported a healthy 92% year-on-year (Y-o-Y) jump in its net profit at Rs 3.98 billion in September quarter (Q2FY19), on back of strong revenue growth. The pharmaceutical company had profit of Rs 2.07 billion in year ago quarter.

The stock hit a record high today, surpassed its previous high of Rs 1,426 touched on September 26, 2018 on the BSE in intra-day trade.

The company’s revenue from operations during the quarter grew 45% at