Friday, 5 May 2017

Merck jumps nearly 6% on robust Q4 >> Free Stock Tips provider

Shares of Merck spurted nearly 6 percent on the Bombay Stock Exchange after the company reported a 76.42 per cent growth in its net profit at Rs 14.82 crore for the March quarter, from Rs 8.40 crore during the corresponding quarter of last year. Driven by strong Q4, shares of the company gained as much as 5.86 per cent to hit an intra-day high of Rs 1140.00 apiece on the Bombay Stock Exchange.

The scrip was currently trading at Rs 1112.55 against the previous close price of Rs 1076.85. In a similar fashion, stocks of the firm were trading 3.50 per cent higher at Rs 1,111.25 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 30,062.17, up 167.37 points or 0.56 per cent, at 11:50 hour.

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