Ajanta Pharma said its first quarter net profit jumped 38 percent to 81.1 crore rupees compared with 58.72 crore rupees in the same quarter a year ago. Sales during April-June rose 18 percent to 340.6 crores versus 287.5 crores, the company said in a release to the exchanges.
Ajanta Pharma fell 11.65 rupees, or 0.7 percent, to 1,656 rupees on the National Stock Exchange where 1.70 lakh shares shares changed hands compared with a 5-day average of 1.79 lakh shares by 12:30 pm.
Ajanta Pharma' market capitalisation has leapt 190 percent in one year to 14,700 crore rupees as investors bought mid-sized pharma companies where the major percentage of sales and profit come from overseas shipments.
Ajanta Pharma trades at 17.6 times its book value of 95.52 rupees.
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