India's Natco Pharma rises on Q3 profit surge

Natco Pharma

14/02/2024 09:15

** Shares of Natco Pharma  NATP.NS  up 4.1% at 891.65
rupees, their highest since Sept. 2023
    ** Drug maker reported a more than three-fold jump in
Dec-qtr consol net profit
    ** Stock top pct gainer on Nifty pharma index  .NIPHARM 
which is down 1.2%
    ** Avg rating of analysts on NATP at "hold;" median PT is
795 rupees - LSEG data
    ** Stock up ~45% in 2023 after falling for two straight
years
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))