 "Granules India trades near 52-wk high, surges 18% after PAT jumps 59% in Q2")
Shares of Granules India surged 18 per cent to Rs 119.70 on the BSE on Tuesday after the company's net profit jumped 59 per cent year on year (YoY) to Rs 96 crore in September quarter (Q2FY20) on the back of strong operational performance. The pharmaceutical company had logged profit of Rs 60 crore in the year ago quarter. The stock was trading close to its 52-week high of Rs 120 touched on April 22, 2019.
While operational income grew 20 per cent at Rs 700 crore as against Rs 581 crore in the year ago quarter, Ebitda (earnings before interest,
