Merck in pink of health after strong Q1 show

Merck rose 2.61% to Rs 1,105 at 12:41 IST on BSE after net profit jumped 76.55% to Rs 14.83 crore on 9.32% growth in net sales to Rs 229.88 crore in Q1 March 2017 over Q1 March 2016.

The result was announced after market hours yesterday, 3 May 2017.

Meanwhile, the S&P BSE Sensex was up 154.62 points or 0.52% at 30,049.42. The S&P BSE Small-Cap index was up 36.23 points or 0.23% at 15,467.19.

On BSE, so far 19,000 shares were traded in the counter as against average daily volume of 6,184 shares in the past one quarter. The stock hit a high of Rs 1,140 and a low of Rs 1,105 so far during the day. The stock had hit a record high of Rs 1,198.90 on 10 April 2017. The stock had hit a 52-week low of Rs 665 on 4 May 2016.

 

The small-cap company has equity capital of Rs 16.60 crore. Face value per share is Rs 10.

Merck (formerly E Merck) operates both its pharmaceuticals and chemicals businesses in the country.

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