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Abbott India shares jump over 5% post Q2 earnings

Press Trust of India  |  New Delhi 

of pharma firm today rose by over 5 per cent after the company reported a 22.66 per cent rise in standalone net profit for the quarter ended September.

The stock jumped 4.88 per cent to end at Rs 4,925 on Intra-day, it gained 5.41 per cent to Rs 4,950.

At NSE, of the company surged 5.25 per cent to close at Rs 4,939.55.

today reported a 22.66 per cent rise in standalone net profit at Rs 75.02 crore for the quarter ended September, mainly on account of robust sales.

The company had posted a net profit of Rs 61.16 crore in the year-ago period, said in a filing.

Standalone total from operations also rose to Rs 729.43 crore during the quarter under review from Rs 648.98 crore a year ago.

Abbott India offers medicines in multiple therapeutic categories such as women's health, gastroenterology, cardiology, metabolic disorders and primary care.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 28 2016. 19:23 IST