The Ajanta Pharma stock jumped 13.38 per cent to hit a high of Rs 2,531.95 on BSE. A few target prices on the stock are in the range of Rs 2,560-2,613, suggesting limited upside ahead.
Ajanta Pharma share price: The pharma company reported an 18.85 per cent jump in its first-quarter (Q1 FY24), at Rs 208 crore, compared to Rs 175 crore in the year-ago period. Revenue from operations came at Rs 1,021 crore in Q1 FY24 over Rs 951 crore in the corresponding period last year.
Ajanta Pharma share price: The pharma company's Q2 profit came at Rs 156.6 crore this year compared to a profit of Rs 195.94 posted in the year-ago period. The sharp plunge was mainly on account of higher expenses and lower sales in the US generics market.