The stock gained 4.47 per cent to close at Rs 2,505.45 on the BSE. During the trade, it advanced 6.61 per cent to Rs 2,556.90 -- its 52-week high.
On the NSE, the scrip went up by 4.67 per cent to close at Rs 2,511.
Alkem Laboratories on Friday reported a 89.80 per cent rise in consolidated net profit at Rs 389.96 crore for the quarter ended December.
The company had posted a net profit of Rs 205.45 crore for the corresponding period of the previous fiscal, Alkem Laboratories said in a filing to the BSE.
Consolidated revenue from operations stood at Rs 2,181.84 crore for the quarter under consideration as against Rs 1,926.32 crore in the same period a year ago.
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