Share price of Divi\'s Laboratories Ltd. rises as Nifty drops

Share price of Divi's Laboratories Ltd. rises as Nifty drops

Shares of Divi's Laboratories Ltd. gained 1.14 per cent to Rs 2368.1 in Thursday's trade as of 11:48AM (IST).

The stock of Divi's Laboratories Ltd. hit a high price of Rs 2377.9 and low of Rs 2300.1 during the session.

The return on equity (ROE) for the stock stood at 19.44 per cent. Traded volume on the counter stood at 4,159 shares and turnover at Rs 0.98 crore around that time.

The stock of Divi's Laboratories Ltd. quoted a 52-week high and 52-week low prices of Rs 2473.65 and Rs 1466.95, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.0.

Promotor/FII Holding
Promoters held 51.97 per cent stake in the company as of 31-Mar-2020, while FIIs held 19.08 per cent and domestic institutional investors had 14.67 per cent.

Key Financials
The company reported consolidated sales of Rs 1396.26 crore for the quarter ended 31-Dec-2019, down 3.41 per cent from previous quarter's Rs 1445.57 crore and down 2.67 per cent from the year-ago quarter's Rs 1359.96 crore.

Net profit after tax for the latest quarter stood at Rs 359.09 crore, down 7.78 per cent from the same quarter a year ago.
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