India's Jagsonpal Pharma rises after Q2 profit growth

Jagsonpal Pharmaceuticals

24/10/2024 05:50

** Shares of Jagsonpal Pharmaceuticals Ltd  JGSN.NS  rise as
much as 5.6% to 499.80 rupees
    ** Pharma co reported 53.4% y/y rise in Q2 profit to 114.6
mln rupees ($1.4 mln); rev jumped 29.2% 
    ** Board also approved sub division of shares
    ** Stock on track to gain for 5th straight month; gained
18.3% so far this month
    ** More than 163,000 shares traded as of 10:13 a.m. IST, vs
their 30-day moving avg of 89,502 shares
    ** JGSN last up 3.5%, adding to YTD gains of 26% so far


($1 = 84.0650 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))