Divi’s Labs Shares Jump 4% After Q2 Profit Rises 64%
Divi’s Laboratories shares rose 4% after September-quarter net profit increased 64% year over year. Brokerages raised earnings estimates and maintained positive ratings; the pharma index rose 1.5%.
Shares of Divi's Laboratories rose 4 percent on Monday after the drugmaker reported a 64 percent year-on-year increase in its September quarter net profit, prompting brokerages to raise their earnings estimates and maintain positive ratings on the stock.It surged as much as 6.56 percent to hit a hi…