Share price of Divis Labs falls as Nifty weakens

Shares of Divi's Laboratories Ltd. slipped 0.57 per cent to Rs 6086.95 in Thursday's trade as of 10:29AM (IST).

The stock hit a high price of Rs 6169.75 and low of Rs 6075.0 during the session.

The return on equity (ROE) for the stock stood at 11.78 per cent. Traded volume on the counter stood at 10:29AM shares and turnover at Rs 1.13 crore around that time.


The stock of Divi's Laboratories Ltd. quoted a 52-week high and 52-week low prices of Rs 6276.2 and Rs 3300.0, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.0.

Promotor/FII Holding
Promoters held 51.89 per cent stake in the company as of 30-Sep-2024, while foreign investors held 17.25 per cent and domestic institutional investors had 20.98 per cent.

Key Financials
The company reported consolidated sales of Rs 2197.0 crore for the quarter ended 30-Jun-2024, down 7.77 per cent from previous quarter's Rs 2382.0 crore and down 18.18 per cent from the year-ago quarter's Rs 1859.0 crore.

Net profit after tax for the latest quarter stood at Rs 430.0 crore, up 20.79 per cent from the same quarter a year ago.