This autumn outcomes: This pharma inventory hits 5% higher circuit after quarterly outcomes
In the meantime, the Indian benchmark indices ended the session with a achieve. Whereas the Sensex jumped 769.09 factors to settle at 81,721.08, Nifty surged 243.45 factors to finish the session at 24,853.15.
Shares of pharmaceutical firm Murae Organisor hit a 5 per cent higher circuit after the corporate introduced monetary outcomes for the quarter and the monetary yr ended March 31, 2025. For the monetary yr ended March 31, 2025, the corporate reported complete income of Rs 85.48 crore as towards Rs 0.25 crore in FY24. The total-year internet revenue of the corporate stood at Rs 7.51 crore, towards RS 5.31 lakh within the earlier yr, signalling a powerful earnings rebound.
The counter of the corporate began the session within the inexperienced at Rs 1.40 on the BSE towards the earlier shut of Rs 1.35. It gained additional to the touch the excessive of Rs 1.41, additionally the 5 per cent higher circuit of the inventory.
Earlier, the corporate knowledgeable exchanges that its board has accredited a serious enlargement plan involving land acquisition and funding of as much as Rs 250 million. As a part of this funding, the corporate will discover the acquisition of agricultural land situated in Kutch, Gujarat. Nonetheless, the approval is topic to passable due diligence, receipt of vital regulatory approvals and different statutory clearances.
“The acquired land, upon profitable completion of due diligence and all requisite approvals, is proposed to be utilised primarily for cultivating high-quality pomegranates, making the most of the area’s beneficial agro-climatic circumstances. Moreover, the corporate plans to determine a distillery facility on this web site, enhancing operational effectivity and enabling entry into value-added segments, thus probably diversifying and strengthening the Firm’s income streams,” the corporate had mentioned.
In the meantime, the Indian benchmark indices ended the session with a achieve. Whereas the Sensex jumped 769.09 factors to settle at 81,721.08, Nifty surged 243.45 factors to finish the session at 24,853.15.
From the Sensex 30, Solar Pharma was the one inventory that ended within the crimson with a fall of two.14 per cent. Everlasting, Energy Grid, ITC, Nestle India and Bajaj Finserv have been among the many greatest gainers.
