Neuland Laboratories Ltd Share Price – NSE  /  BSE

Pharmaceuticals, Small Cap

Sona BLW Precision Forgings Ltd, Quess Corp Ltd, ISGEC Heavy Engineering Ltd and Vakrangee Ltd are among the other gainers in the BSE's 'A' group today, 12 April 2024.

Neuland Laboratories Ltd surged 8.15% to Rs 6683.25 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2319 shares were traded on the counter so far as against the average daily volumes of 2170 shares in the past one month.

Sona BLW Precision Forgings Ltd spiked 6.50% to Rs 694.05. The stock was the second biggest gainer in 'A' group. On the BSE, 3.84 lakh shares were traded on the counter so far as against the average daily volumes of 76907 shares in the past one month.

Quess Corp Ltd soared 6.46% to Rs 614.05. The stock was the third biggest gainer in 'A' group. On the BSE, 69148 shares were traded on the counter so far as against the average daily volumes of 27264 shares in the past one month.

ISGEC Heavy Engineering Ltd added 6.10% to Rs 980. The stock was the fourth biggest gainer in 'A' group. On the BSE, 23772 shares were traded on the counter so far as against the average daily volumes of 6506 shares in the past one month.

Vakrangee Ltd exploded 6.07% to Rs 25.7. The stock was the fifth biggest gainer in 'A' group. On the BSE, 25.41 lakh shares were traded on the counter so far as against the average daily volumes of 21.13 lakh shares in the past one month.

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The USFDA had conducted the inspection from 18 March 2024 to 22 March 2024 at company's unit 1 manufacturing facility at Bonthapally, Hyderabad.

Neuland Laboratories is engaged in manufacturing and selling of bulk drugs and caters to both domestic and nternational markets.

The company reported a consolidated net profit of Rs 81.39 crore in Q3 FY24, steeply higher than Rs 30.55 crore posted in Q3 FY23. Net sales jumped 45.9% year on year to Rs 392.83 crore in Q3 FY23.

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Net profit of Neuland Laboratories rose 166.42% to Rs 81.39 crore in the quarter ended December 2023 as against Rs 30.55 crore during the previous quarter ended December 2022. Sales rose 45.90% to Rs 392.83 crore in the quarter ended December 2023 as against Rs 269.25 crore during the previous quarter ended December 2022.

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Neuland Laboratories will hold a meeting of the Board of Directors of the Company on 8 February 2024.

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