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Shares of drug major Cipla surged over 6 per cent in the morning trade on the bourses today after the company reported a 17.47 per cent increase in net profit to Rs 308.97 crore for the quarter ended September 30, 2011.
Cheering the smart numbers, the company shares jumped 6.19 per cent to Rs 306 on the BSE and it was the top gainer among the frontline Sensex stocks in the morning trade. In a similar fashion, the scrip gained 6.17 per cent on the NSE to an early high of Rs 305.90.
The company declared the results after market hours yesterday.
Cipla has reported a 17.47 per cent increase in net profit to Rs 308.97 crore for the quarter ended September 30, 2011, due to improved sales within the country and overseas.
The company had posted a net profit of Rs 263.01 crore for the quarter ended September 30, 2010.
Meanwhile, the broader Sensex was trading in a highly volatile zone, with the key index quoting at 17,141.27, up 22.53 points in the late morning session.
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