The rise in Q3 profit of Syngene International was led by dedicated centres and development and manufacturing services, even as discovery services business remained soft. The third quarter revenue from operations rose 9% YoY to Rs. 854 crore. The earnings before interest, tax, depreciation and ammortisation (EBITDA) rose 5% YoY to Rs. 261 crore in Q3FY24. The EBITDA margin dropped 100 basis points YoY to 30%.
Stocks that were in focus on Wednesday included names like Syngene International (up over 4%), Petronet LNG (which closed with gains of nearly 7%), and Castrol India (which rose more than 4% to hit a fresh all-time high)
Stocks to buy today: Domestic brokerages have come out with research reports on select stocks namely Star Health and Allied Insurance Company, Surya Roshni, Shriram Finance and Syngene International. Watch this Business Today Visual Story to check stocks to buy or sell on May 2, 2023.
Read more about Top stocks of Osho: HDFC Life, Syngene International, L&T Info. Check why on Business Standard. LTI has reversed its trend from the previous swing low and is currently placed well above all its major moving averages on the daily chart
Read more about Top stocks of Osho: HDFC Life, Syngene International, L&T Info. Check why on Business Standard. LTI has reversed its trend from the previous swing low and is currently placed well above all its major moving averages on the daily chart