Strides Pharma Science Shares Surge Amid Strong Q1 Results

Shares of Strides Pharma Science surged 4% on Tuesday after the company reported a profit after tax of Rs 84 crore for the June quarter. This marks a significant turnaround from a loss of Rs 29.5 crore in the same period last year. Revenue rose to Rs 1,087 crore.

Shares of Strides Pharma Science soared 4% during Tuesday morning trade, following the announcement of a profit after tax from continuing operations of Rs 84 crore for the June quarter. This marks a notable turnaround from a loss of Rs 29.5 crore reported in the same period last year, as confirmed in a regulatory filing.

The stock reached Rs 1,071.60 per share on the National Stock Exchange (NSE), up by 4.02%, and soared 3.54% to trade at Rs 1,070.35 on the Bombay Stock Exchange (BSE). Intraday trading saw the stock hitting its 52-week high of Rs 1,123 on NSE and Rs 1,120.30 on BSE.

Overall market trends showed the 30-share BSE benchmark index rising by 365.99 points to 81,721.83, and the NSE Nifty climbing 112.65 points to 24,948.75.