Shares in Aurobindo Pharma jumped 5 per cent in trade after the company reported a good set of results for Q3 2013. The stock was last trading at Rs 518.10, following a four fold jump in net profit. Aurobindo Pharma reported a net profit of Rs 417 crores, which was a new record for the company.
Revenues grew 81 per cent to Rs 2140, led by strong growth in the US markets.
Aurobindo Pharma is the market leader in Semi-Synthetic Penicillins and has a presence in key therapeutic segments such as neurosciences, cardiovascular, anti-retrovirals, anti-diabetics, gastroenterology and cephalosporins, among others.
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