Divi's Lab surges after December quarter earnings beat estimates

MUMBAI (Reuters) - Shares in Divi's Laboratories rise after its December-quarter earnings beat estimates, dealers said.

The company on Monday reported a 51.84 percent increase in its standalone net profit at 2.19 billion rupees for the October-December quarter.

Divi's shares rose 3.5 percent to 1,359 rupees after hitting a high of 1,390 rupees.

(Reporting by Abhishek Vishnoi; Editing by Anand Basu)