India's Unichem Laboratories climbs after Q1 loss narrows

Unichem Laboratories

14/07/2023 10:48

** Shares of Unichem Laboratories Ltd  UNLB.NS  rise as much
as 3.23% to 391.35 rupees, highest since April 26
    ** Pharmaceutical firm says June-qtr consolidated
loss-after-tax narrowed to 6.9 mln rupees ($84,030.54) vs loss
of 233.7 mln rupees a yr earlier, aided by 36.7% rise in rev
from ops
    ** Stock trading above its 50-, 100-, and 200-day moving
averages
    ** Trading volume at ~385,657 shares, 4x the 30-day avg as
of 2:55 p.m. IST 
    ** Stock last up ~22.5% YTD

($1 = 82.1130 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))