Shares of Dishman Pharmaceuticals surged for the 5th day in a row

Dishman Pharmaceuticals and Chemicals Ltd., a mid-sized drugs company, surged for the 5th day in a row on heavy volumes as enthusiasm for the stock remained undimmed after the company's stellar first quarter earnings.

Earlier in August, Dishman said its first quarter net profit jumped 59 percent to 37.8 crore rupees compared with 23.8 crore rupees in the same period a year earlier. Sales during April-June rose 9.8 percent to 400 crore rupees.

As a consequence, Dishman surged 13 percent, or 22.50 rupees, to 254.70 rupees on the National Stock Exchange with a whopping 53.04 lakh shares traded compared with a 5-day average of 17.35 lakh shares. The stock was trading at 173 rupees on August 25th.

Dishman's market capitalisation gained 64 percent in the past one year to 1,941 crore rupees and the stock is trading at 1.6 times its book value of 162.5 rupees.
ter earnings.

Earlier in August, Dishman said its first quarter net profit jumped 59 percent to 37.8 crore rupees compared with 23.8 crore rupees in the same period a year earlier. Sales during April-June rose 9.8 percent to 400 crore rupees.

As a consequence, Dishman surged 13 percent, or 22.50 rupees, to 254.70 rupees on the National Stock Exchange with a whopping 53.04 lakh shares traded compared with a 5-day average of 17.35 lakh shares. The stock was trading at 173 rupees on August 25th.

Dishman's market capitalisation gained 64 percent in the past one year to 1,941 crore rupees and the stock is trading at 1.6 times its book value of 162.5 rupees.

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