India's Aarti Drugs eyes best day in 21-months after Q4 profit jump

Aarti Drugs

07/05/2025 06:58

** Shares of Aarti Drugs ADRG.NS rise as much as 16.8% to 408.80 rupees; mark sharpest intraday pct gain since July 24, 2023

** The pharmaceutical co on Tuesday reported ~33% Y/Y jump in Q4 consol net profit while rev from ops rose 9.2% Y/Y

** Co on Wednesday also said it has got interim relief on tax demand of 2.31 bln rupees ($27.3 mln) from an Indian court

** Share price above 50-day and 100-day exponential moving averages

** Stock is witnessing its most active trading session since July 2023 with more than 5 mln shares change hands, 22.7x of 30-day avg

** Stock last up 14.9%, cutting YTD loss to 12.7%

($1 = 84.5160 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)

 ((ashish.chandra@thomsonreuters.com (+91 7982114624))