India's Caplin Point Laboratories rises after Q1 profit jump

Caplin Point Laboratories

13/08/2019 07:34

** Shares of pharmaceutical company Caplin Point
Laboratories Ltd  CAPL.NS  gain as much as 8.1% to 451.3 rupees,
their highest since July 2
    ** Co posted 34% jump in June-qtr profit to 502.3 mln rupees
($7.06 mln)  urn:newsml:reuters.com:*:nFWN258023     
    ** Revenue surged 31% to 1.93 bln rupees
    ** Around 9.6 mln shares change hands in early trade, vs
30-day average of 8.07 mln shares
    ** Up to last close, stock up 9.3% this year, while peer
Strides Pharma Science  SRID.NS , which posted a Q1 profit, up
8.5%

($1 = 71.1950 Indian rupees)

 (Reporting by Harish Bhaskar in Bengaluru)
 ((Harish.Bhaskar@thomsonreuters.com; +91 9886782831; Reuters
Messaging: harish.bhaskar.thomsonreuters.com@reuters.net))