Shares of Aurobindo Pharma and National Peroxide climb upwards

The shares of Aurobindo Pharma jumped up by 3.95% during Thursday’s trading session on account of strong management commentary in Q1FY18. The company’s EBITDA for the quarter came in 9.8% higher than the estimated figure of Rs 869 crore.
 
The company’s managing director, N Govindarajan, said that its key markets continue to maintain its momentum in both YoY and QoQ despite headwinds. It expects the momentum to sustain going forward driven by changing product mix towards complex products.
 
The stock was trading higher by 3.05% at Rs 705 per share on the BSE at 1039 hours. It opened at Rs 701 per share. It attracted total traded volume of 35,83,437 shares and traded value of Rs 25,560.66 lakh on the NSE at 1041 hours.
 
Similarly, National Peroxide’s shares rose by over 5% on the back of strong quarterly results reported by the company. The net profit of National Peroxide rose 47.25% to Rs 17.95 crore in the quarter ended June 2017 as against Rs 12.19 crore during the previous quarter ended June 2016. 
 
Meanwhile, the stock was trading higher by 6.34% at Rs 1,485 per share on the BSE at 1044 hours. It opened at Rs 1,425 per share. It touched its intraday high and low at Rs 1,545 and Rs 1,425 per share, respectively.