Aurobindo Pharma hits 52-week high

NEW DELHI, Feb 8 (Economic Times): Aurobindo Pharma rallied as much as 8.6 per cent in trade to touch its 52-week high of Rs 536, after the pharma major reported a growth of 354 per cent in its net profit figure to Rs 4.17 billion during December 2013 quarter, up from Rs 920 million the same quarter a year ago thanks to better mix products with high margins.
The stock closed at Rs 506.85 up 2.74 per cent. It hit a low of Rs 501.20 and a 52-week high of Rs 536 in trade Friday.
The company also saw its revenue growing by 36 per cent at Rs 21.40 billion in December quarter from Rs 15.70 billion in the corresponding quarter of pervious fiscal. The operating profit ( EBIDTA) before forex grew by 148 per cent at Rs 6.43 billion, up from Rs 2.59 billion a year ago.