Zydus Wellness hits new high; surges 32% post Q3 results

The stock hit a new high of Rs 1,298, up 11% on the BSE in intra-day trade on back of heavy volumes.

Zydus Wellness hit a new high of Rs 1,298, up 11% on the BSE in intra-day trade on the back of heavy volumes. In past two weeks, the stock of this packaged foods company has rallied 32% from Rs 982 on February 6, after reporting a strong earnings growth for the quarter ended December 2017 (Q3FY18). By comparison, the S&P BSE Sensex has lost 0.83% during this period.

Zydus Wellness reported 44% year-on-year (YoY) jump in net profit for the third quarter of the current fiscal to Rs 362 million on the back of robust growth in income from