Strides Pharma Science Shares Surge After Positive Q1 Results

Shares of Strides Pharma Science soared over 3 percent after the company posted a profit of Rs 84 crore for the June quarter, reversing a loss of Rs 29.5 crore from the previous year. The stock reached its 52-week high, driven by increased trading volumes on the NSE and BSE.

Shares of Strides Pharma Science rallied over 3 percent on Tuesday following the announcement of a strong profit after tax from continuing operations for the June quarter, amounting to Rs 84 crore.

The company's stock surged 3.60 percent to close at Rs 1,067.25 on the NSE and climbed 2.87 percent to settle at Rs 1,063.40 on the BSE.

During intra-day trading, the stock hit its 52-week high of Rs 1,123 and Rs 1,120.30 on the NSE and BSE, respectively. The company's quarterly profit marks a significant turnaround from a loss of Rs 29.5 crore in the same period last year, with revenue rising to Rs 1,087 crore from Rs 932 crore previously.