Sat, Apr 20, 2024 7:58 PM
2 Everlasting Big Pharma Stocks to Buy Today and Hold Forever
A Flip by Shubhangi Gupta
Ajanta Pharma, a specialty pharmaceutical formulation company, witnessed a 13.70% surge in its shares during morning trade today, reaching a new all-time high of ₹2,540 apiece. This surge follows the company's stellar performance in the quarter ending March and for the full fiscal year.On Thursday, after market hours, the company released its financial results, reporting a 66% YoY jump.
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Aptus Value Housing Finance India on Friday reported a 21% Y/Y rise in March quarter net profit to Rs 164 crore against Rs 135 crore reported in the year-ago period, backed by healthy business expansion. The net profit was Rs 612 crore for FY24, reflecting 22% growth over the preceding fiscal. Its interest rate spread, however, fell 8.71% for the quarter against 8.9% in the year-ago period.
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Britannia announced its Q4FY24 on Friday, May 3, reporting a drop of 3.2 per cent in consolidated net profit at ₹538.28 crore, compared to ₹558.66 crore in the corresponding period last year. The FMCG major's revenue from operations in the March quarter rose three per cent to ₹4,014.07 crore, compared to ₹3,892.02 crore reported in the year-ago period.
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