Divis Lab Share Price makes Lifetime High on Strong Q1

Shares of Divis Lab made a

new 52 week high of Rs
1,267.75, rising from a
previous closing of Rs
1,194.05. This is also its
lifetime high. The share price
surged almost 6 per cent
since this morning after it
reported a hefty year on year
jump in standalone net profit.
Divis Lab share price is
currently trading at Rs
1,263.40, up by 5.81 per
cent. The intraday high and
the intraday low so far have been Rs 1,267.75 and Rs 1,210.15 respectively.
Divis Laboratories reported 23 per cent year on year jump in standalone net profit at Rs 302
crores for the quarter ended 30th June 2016 (first quarter of FY17), as a result of strong
revenue growth. This pharmaceuticals company had registered a profit of Rs 245 crores in the
corresponding quarter of the previous year.
Total income from operations grew 25 per cent at Rs 1,008 crores for the quarter ended
30th June 2016 as against Rs 809 crores in the corresponding quarter of the previous year.
The market analysts on an average earlier expected profit of Rs 261 crores on revenues of Rs
936 crores.
The EBITDA (earnings before interest, depreciation and taxes) margin expanded 268 basis
points to 40 per cent from 37.32 per cent. The EPS for the quarter ended 30th June 2016 is Rs
11.37 against Rs 12.14 for the quarter ended 31st June 2016.
Since this morning a total of 5,78,725 shares of the Company has been traded on the NSE
counter amounting to a total worth of Rs 7,172.14 lacs. The lifetime low of the share is Rs
917.80 made earlier this year on 29th February. The Lower Price Band is 1,074.65 and the
Upper Price Band is 1,313.45.

www.dynamiclevels.com

Page 1

Divis Lab is Dynamic levels recommended Top 500 Share. Get the most important support
and resistance of the share at Divis Lab share price forecast.

www.dynamiclevels.com

Page 2

Disclaimer

The investment advice or guidance provided by way of recommendations, reports or other ways
are solely the personal views of the research team. Users are advised to use the data for the
purpose of information and rely on their own judgment while making investment decision.
Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022
Disclosure
Dynamic Equities Pvt. Ltd. is a member of NSE, BSE, MCX SX and a DP with NSDL & CDSL. It is also
engaged in Investment Advisory Services and Portfolio Management Services. Dynamic
Commodities Pvt. Ltd., associate company, is a member of MCX & NCDEX. We declare that our
activities were neither suspended nor we have defaulted with any stock exchange authority with
whom we are registered. SEBI, Exchanges and Depositories have conducted the routine inspection
and based on their observations have issued advise letters or levied minor penalty on for certain
operational deviations.
Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst:
DYNAMIC/its Associates/ Research Analyst/ his Relative:

Do not have any financial interest / any actual/beneficial ownership in the subject
company.

Do not have any other material conflict of interest at the time of publication of the
research report

Have not received any compensation from the subject company in the past twelve months

Have not managed or co-managed public offering of securities for the subject company.

Have not received any compensation for brokerage services or any products / services or
any compensation or other benefits from the subject company, nor engaged in market
making activity for the subject company

Have not served as an officer, director or employee of the subject company

www.dynamiclevels.com

Page 3