India's Unichem Laboratories hits record high on posting Q1 profit

Unichem Laboratories

08/08/2024 09:14

** Shares of Unichem Laboratories  UNLB.NS  rise as much as
8.3% to hit a record high of 631 rupees; last up 2%
    ** Pharma co posts a June-quarter consol profit after tax of
92.6 million rupees ($1.10 million) compared to a loss a year
earlier; rev from ops rose 5.5%
    ** UNLB on track for two straight session of gains
    ** Busiest session for the stock since early Feb; More than
423,000 shares change hands, nearly 17 times the 30-day avg 
    ** Stock up ~47% YTD, had gained ~29% in 2023 for two
straight years of gains

($1 = 83.9280 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))