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Morepen Labs board approves POC medical devices biz into wholly-owned subsidiary

Morepen Labs board approves POC medical devices biz into wholly-owned subsidiary
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Morepen Laboratories Q1 FY22 Results: Morepen Labs Profit Rises 57% To Rs 30 Crore In June Quarter, Stock Gains 3%

Shares of Morepen Labs settled 2.62 per cent higher at Rs 68.45 apiece on the BSE. Morepen Laboratories reported a net profit of Rs 30.47 crore on a consolidated basis in the April-June of the financial year 2021-22, compared to Rs 19.37 crore in the corresponding quarter last year, marking a growth of 57 per cent year-on-year. The leading pharmaceutical company announced its first quarter results for the current fiscal year on Tuesday, July 27, after which its share price gained around three per cent during the trading session.  Morepen Laboratories opened on the BSE at Rs 67.85, swinging to an intra day high of Rs 71, and an intra day low of Rs 66.60, throughout the trading session today. Shares of Morepen Labs settled 2.62 per cent higher at Rs 68.45 apiece on the BSE. 

Market ahead: Ahead of Market: 12 things that will decide stock action on Friday

Market ahead: Ahead of Market: 12 things that will decide stock action on Friday
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