Vimta Labs gallops as Q2 bottom line doubles

Vimta Labs was locked at 20% upper circuit at Rs 163.50 at 14:33 IST on BSE after net profit jumped 99.53% to Rs 4.33 crore on 14.07% growth in total revenue to Rs 43.12 crore in Q2 September 2017 over Q2 September 2016.

The result was announced during market hours today, 1 December 2017.

Meanwhile, the S&P BSE Sensex was down 183.43 points or 0.55% at 32,965.92.

On the BSE, 2.30 lakh shares were traded on the counter so far as against the average daily volumes of 5,587 shares in the past two weeks. The stock had hit a high of Rs 163.50 and a low of Rs 137.25 so far during the day. The stock had hit a 52-week high of Rs 164.40 on 13 July 2017 and a 52-week low of Rs 95 on 2 December 2016.

 

Vimta Labs is engaged in contract research and testing services.

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