India's Solara Active Pharma rises on upbeat forecast

Solara Active Pharma Sciences

21/02/2024 06:35

** Shares of Solara Active Pharma Sciences  SOLA.NS  up 4.8%
at 486.25 rupees
    ** API maker targets to double its operating profit by the
end of fiscal 2025 from Q4 FY24, per transcript of post-earnings
investor call made public post-market hours on Tuesday
    ** SOLA reported a Q3 loss vs profit on Feb. 14
    ** Trading volume 4.3x the 30-day moving average
    ** Stock up ~35% YTD after falling for three straight years
    

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