India's Marksans Pharma set for worst day in 4 years as profit drops

Marksans Pharma

30/05/2024 08:31

** Shares of Marksans Pharma  MARK.NS  slide 11.4%
    ** Stock set for biggest one-day drop since March 2020
    ** Drugmaker posts 4.5% Y/Y fall in Q4 profit
    ** Rev rises 15.2%, but is outpaced by costs jumping 21.3%
    ** Stock reverses course to YTD losses; now down ~5% YTD
    ** Stock had surged ~177% in 2023, its best year since 2020



 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com))