Morepen Labs stock soars 6% on strong Q1 show; medical device biz grows 20%

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Shares of Morepen Laboratories soared 6.46 per cent at Rs 61.

The company’s expenditure for the same period rose by 8 per cent to Rs 403.59 crore from Rs 374.95 crore a year earlier.

He further said that the company will have an increased focus on research and backward integration, fostering innovation and cost reduction, thereby positioning the company as a reliable partner for global outsourcing in both the Medical Devices and Pharma sectors for export markets.

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Category: BusinessFinance

Markets: India

Topics: Stock market Morepen laboratories Morepen laboratories q1fy25 results Morepen laboratories share price today Buzzing stock Morepen laboratories q1 morepen laboratories shares Morepen laboratories share price Morepen laboratories share price Sensex

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Article Type: News Report

Published On: 2024-08-12 @ 13:35:43 (11 hours ago)

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News Source URL: business-standard.com

Language: English

Article Length: 548 words

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