Ipca Labs stock nears record high, surges 6%; here's what brokerages say

The stock up 6% to Rs 862, trading close to its record high of Rs 907 touched on February 28, 2014 on the BSE in intra-day trade.

Shares of Ipca Laboratories surged 6 per cent to Rs 862 in intra-day trade on Friday, near its record high of Rs 907, touched on February 28, 2014. 

The stock has gained 9 per cent in the current week as compared to a 0.50 per cent rise in the benchmark S&P BSE Sensex in the same period.

The pharmaceutical company 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 was expanded by 385 basis points (bps) at 22.48 per cent in Q3FY19 from 18.63 per