Pfizer's India unit hits over 2-yr high on quarterly profit jump

Pfizer

30/07/2024 05:48

** Shares of Pfizer Ltd  PFIZ.NS , Indian unit of pharma
firm Pfizer Inc  PFE.N , up as much as 5.3% at 5,651.3 rupees,
highest since Oct 2021
    ** Co's June-qtr profit up ~61% YoY, revenue rises 5.9%
    ** Analysts' rating on PFIZ, on avg, is "hold", PT is
4,797.50 rupees - LSEG data
    ** PFIZ eyes second biggest monthly rise since Oct 2021
    ** Stock up ~29% YTD, on track for a second straight session
of gains
    

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