Torrent Pharma ascended 6.61% to Rs 257.95 and topped gainers in BSE’s ‘A’ group shares. The other gainers in the list were ABB, LIC Housing Finance, Reliance Energy and GMR Infrastructure.
Freshly, Torrent Pharma Ahmedabad based healthcare company had instigated Rimonabant, which is an anti-obesity molecule, for the first time in India under the trade name Rimoslim. The drug aims many cardio-metabolic risk factors that can lead to obesity, type 2 diabetes or dyslipidaemia.
ABB climbed up 5.95% to Rs 1095.30 and stood second among top gainers in ‘A’ group. ABB’s net earnings climbed up 68.87% to Rs 86.63 crore in Q1 March 2007 as compared to Rs 51.30 crore in its last corresponding quarter. Sales climbed 63.46% to Rs 1312.44 crore in Q1 March 2007 (Rs 802.91 crore). The results were announced on 26 April 2007.
ABB’s net profit developed 55.6% to Rs 340.31 crore in the year ended December 2006 (Rs 218.68 crore). Sales came up 44.2% to Rs 4274.01 crore in FY 2006 (Rs 2963.05).
LIC Housing Finance was placed on the third place. It rose 5.95% to Rs 206.40.