Claris Lifesciences plunges 11% as company reports weak Q3 numbers

NEW DELHI: Shares of Claris Lifesciences plunged over 7 per cent in Monday's trade after the company reported net losses of Rs 69 crore for the December quarter. The company had reported net profit of Rs 89.85 crore for the same period a year ago.

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Reacting to the earnings, shares of the company tanked 10.69 per cent to hit a fresh 52-week low of Rs 156.10 on the BSE. The pharmaceutical company's net income stood at Rs 196.8 crore against Rs 182.6 crore, signalling a jump of 7.77 per cent.