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Cadila Healthcare shares hit 52-week high as Q2 profit jumps 4-fold

CLSA has maintained buy call on the stock and has raised target to Rs 540 from Rs 525 per share

November 03, 2020 / 02:02 PM IST

Cadila Healthcare share price jumped over 7 percent intraday on November 3 after the company's Q2 net profit jumped over four-fold to Rs 473.4 crore.

The drug firm on November 3 reported an over four-fold jump in its consolidated net profit to Rs 473.4 crore for the quarter ended September. The company had posted a net profit of Rs 107.2 crore for the corresponding period of the previous financial year, Cadila Healthcare said in a BSE filing.

Consolidated total revenue from operations of the company stood at Rs 3,820 crore for the quarter under consideration.