Shares of drug firm Merck today soared over 6 per cent after the company reported a 76.42 per cent increase in net profit for the quarter ended March 31.
After opening on a positive note, the stock rose 5.86 per cent to Rs 1,140 as the session progressed on the BSE.
On the NSE, shares of the company surged 6.31 per cent to Rs 1,141.40.
Merck had yesterday reported a 76.42 per cent increase in net profit at Rs 14.82 crore for the quarter ended March 31.
The company had posted a net profit of Rs 8.40 crore during the January-March period a year-ago, Merck Ltd said in a BSE filing.
Its total income from operations also rose 9.91 per cent to Rs 236.92 crore during the quarter under review against Rs 215.54 crore in the year-ago period.