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Unichem Labs Surges Post Q1 Results

Unichem Laboratories surged nearly 5 per cent to Rs 231.50 after the company on Saturday reported its earnings for the first quarter of financial year 2016.

Unichem Labs sales jumped 6.5 per cent to 309.07 crore from Rs 290.09 crore during the first quarter of FY15. However, the net profit came in at Rs 28.78 crore compared to Rs 30.19 crore during the same period last year. 

Shares of Unichem Labs reacted positively despite flat earnings. The shares of Unichem Labs ended 0.7 per cent higher at Rs 222.70.