India's Strides Pharma gains on posting Q2 profit

Strides Pharma Science

24/10/2024 09:10

** Shares of Strides Pharma Science  SRID.NS  rise 2.5% to
1,599.5 rupees
    ** The pharma co posted a consolidated net profit of 932.3
mln rupees ($11 mln) vs a loss of 1.31 bln rupees a year ago
    ** Rev from ops rose 20% Y/Y
    ** More than 385,000 shares change hands, 1.1x its 30 day
avg
    ** Stock has surged over two-fold so far this year
 
 ($1 = 84.0510 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))