Shares of Hester Biosciences today soared 20 per cent after the company reported a 57.14 per cent rise in standalone net profit for the quarter ended March 31.
The stock zoomed 20 per cent to settle at Rs 637.50 -- its upper circuit limit -- on BSE.
At NSE, shares of the company jumped 19.99 per cent to close at Rs 637.40.
Hester Biosciences on Saturday reported a 57.14 per cent rise in standalone net profit at Rs 5.5 crore for the quarter ended March 31.
The company had posted a net profit of Rs 3.5 crore in the same quarter last fiscal, Hester Biosciences had said in a BSE filing.
Standalone net sales of the company rose to Rs 28.18 crore for quarter under review as against Rs 23.36 crore in the year-ago period.
For entire 2015-16 fiscal, the standalone net profit of the firm surged to Rs 19.22 crore compared with Rs 13.99 crore a year ago.
Its standalone net sales for the fiscal increased to Rs 100.89 crore from Rs 90.03 crore in the preceding fiscal.
