bullish
Ajanta Pharma (AJP IN): Stellar Q4 Performance; INR3B Buyback Plan Announced
304 Views06 May 2024 18:52
SUMMARY
- Ajanta Pharma (AJP IN) reported strong Q4FY24 results, with double-digit revenue and PAT growth, and improving margins, driven by growth across all the business segments.
- The company has announced INR3.5B buyback plan, involving purchase of 10,28,881 equity shares (0.82% of the total paid-up equity share capital) at a price of INR2,770 per equity share.
- Ajanta Pharma is confident of maintaining double-digit growth going ahead with the existing products gaining market share, new launches, and expansion of field force.
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Tina Banerjee
Global Healthcare Analyst
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