Alembic hits life-time high
By
Research Desk
about 11 years ago
Alembic has hit a new 52-week high today at Rs.19.25, its life-time high and it continues to remain at around the same levels at Rs.19.25. Volumes are good at 24,000 shares. Market cap stands at Rs.254 crore.
The stock has hit a high on the back of its very good performance for Q4FY13 wherein the company posted a consolidated net profit at Rs.44 crore compared to Rs.20 crore in Q4FY12. Total income rose 11% (YoY) at Rs.378 crore. The best was the expansion in its operating margin, which rose by a smart 560 bps at 17.34%. Higher sales and cut in interest outgo, which came down 193% at Rs.1.83 crore helped boost the profits and margins.