SMS Pharma spurts after strong Q1 results

SMS Pharmaceuticals surged 7% to Rs 91.70 at 10:24 IST on BSE after net profit jumped 117.2% to Rs 9.23 crore on 43.2% growth in net sales to Rs 132.62 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 13 September 2017.

Meanwhile, the S&P BSE Sensex was up 103.70 points or 0.32% at 32,290.11. The S&P BSE Small-Cap index advanced 138.54 points or 0.84% at 16,658.10.

On the BSE, 1.39 lakh shares were traded on the counter so far as against the average daily volumes of 27,397 shares in the past one quarter. The stock had hit a high of Rs 94.75 and a low of Rs 91 so far during the day. The stock had hit a 52-week high of Rs 115 on 6 October 2016 and a 52-week low of Rs 66.60 on 11 August 2017.

 

The small-cap company has equity capital of Rs 8.47 crore. Face value per share is Rs 1.

SMS Pharmaceuticals is a global player in active pharmaceutical ingredient (API) manufacturing.

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