This pharma stock zooms over 100% in five weeks

The stock hit a new high of Rs 830, up 10% in the intraday trade today, rallied 103% from Rs 408 on August 7, as compared to 0.58% rise in the S&P BSE Sensex.

Shares of Albert David hit a new high of Rs 830, up 10%, surging more than 100% in past five weeks in otherwise weak market. The stock of pharmaceutical company zoomed 103% from Rs 408 on August 7, as compared to 0.58% rise in the S&P BSE Sensex.

Albert David had reported a net profit of Rs 78.4 million in June quarter against a net loss of Rs 8.30 million during the same quarter last fiscal. Operation income of the company increased 73% to Rs 944 million from Rs 546 million in previous year quarter.

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