Stocks

Aventis Pharma stocks surge on good Q4 numbers

PTI Mumbai | Updated on February 17, 2011

Shares of Aventis Pharma rose by nearly 6 per cent in early trade on the BSE today, boosted by an over four-fold jump in net profit for the quarter ended December 31, 2010.

The company yesterday posted an over four-fold increase in net profit to Rs 104.9 crore for the three-month period ended December 31, 2010.

The board of the pharma firm has recommended a final dividend of Rs 23 a share of Rs 10 face value for the year ended December 31, 2010.

Cheering the robust earnings and dividend declaration, the stock jumped by 5.81 per cent to touch a one-month peak of 1,945 on the Bombay Stock Exchange.

In a similar fashion, Aventis Pharma spurted by 7 per cent on the National Stock Exchange to touch an early peak of Rs 1,952.

On the volume front, over 34 lakh shares of the company changed hands in early trade on the NSE and BSE.

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Published on February 17, 2011
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