India's Themis Medicare hits record high on Q1 profit jump

Themis Medicare

29/07/2024 06:18

** Shares of Themis Medicare  THEM.NS  rise as much as 10.1% to a record
high of 272.35 rupees 
    ** THEM stock marks sharpest intraday climb since Feb26
    ** The pharma company on Friday reported a 35.7% climb in its June-quarter
consolidated net profit of 246.8 mln rupees ($2.95 mln)
    ** "Consolidation in manpower in Active Pharmaceutical Ingredients(API)
business and improved operational efficiencies led to higher margins," Managing
Director Sachin Patel says 
    ** More than 326,000 shares change hands, 3.2X the 30-day avg
    ** Stock last up 5.8%, taking YTD gains to 22.6%
   
    ($1 = 83.7150 Indian rupees)
    
    

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))