India's Bajaj Healthcare hits record high on June qtr profit boost

Bajaj Healthcare

15/09/2020 07:06

** Shares of pharma co  BAJH.BO  rise as much as 20% to
record high of 498.35 rupees
    ** Thane, Maharashtra-based co on Monday reported ~5x rise
in June-qtr profit to 152.9 mln rupees, helped by performance of
bulk drugs and formulations division  urn:newsml:reuters.com:*:nFWN2GB0DL
    ** BAJH is mainly engaged in manufacturing bulk drugs,
active pharma ingredients and formulations focusing vitamins and
amino acids
    ** About 128,611 shares changed hands, 5.4x 30-day avg of
~23,960 shares
    ** BAJH shares up 91.6% so far this year, as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))