Ipca Labs hits all-time high of Rs 914; soars 5% in weak market

In past one month, Ipca Labs outperformed the market by surging 25 per cent, against a marginal 0.1 per cent rise in the S&P BSE Sensex

Shares of Ipca Laboratories hit an all-time high of Rs 914, up 5 per cent on the BSE in an otherwise weak market on expectation of strong earnings and margin improvement by going forward. The stock  surpassed its previous high of Rs 907 touched on February 28, 2014 in intra-day trade. At 01:11 pm; the benchmark S&P BSE Sensex was trading 0.25 per cent or 93 points lower at 36,632 on the BSE.

Ipca Laboratories had posted healthy operational performance in December 2018 quarter (Q3FY19). The company’s Ebitda (earnings before interest, taxation, depreciation and ammortisation) margin before forex gain