Moneycontrol PRO
HomeNewsBusinessStocksAstec Lifesciences shares jump 6% after September quarter profit surges 238%

Astec Lifesciences shares jump 6% after September quarter profit surges 238%

Sales of the company was up 10.55 percent to Rs 155.00 crore in the quarter ended September 2020 as against Rs 140.21 crore during the previous quarter ended September 2019.

October 30, 2020 / 12:43 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Astec Lifesciences share price jumped over 6 percent intraday on October 30 after the company declared its September quarter results.

    The pharma company posted net profit which surged 238 percent to Rs 17.85 crore in the quarter ended September 2020 as against Rs 5.28 crore during the previous quarter ended September 2019.

    Capture

    Sales of the company was up 10.55 percent to Rs 155.00 crore in the quarter ended September 2020 as against Rs 140.21 crore during the previous quarter ended September 2019.

    EBITDA came in at Rs. 31.05 crore in September 2020 up 81.58 percent from Rs. 17.10 crore in September 2019.

    The stock was trading at Rs 1,159.65, up Rs 69.65, or 6.39 percent at 12:06 hours. It has touched an intraday high of Rs 1,185.00 and an intraday low of Rs 1,104.10.

    It also witnessed a spurt in volume by more than 6.75 times and was trading with volumes of 35,268 shares, compared to its five day average of 6,478 shares, an increase of 444.41 percent.

    Capture

    According to Moneycontrol SWOT Analysis powered by Trendlyne, the stock is showing strong momentum: price above short, medium and long term moving averages. The company has zero promoter pledge and low debt.

    However, Moneycontrol technical rating is very bullish with moving averages and technical indicators being bullish.

    Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.​​

    Moneycontrol News
    first published: Oct 30, 2020 12:43 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347