Despite reporting a turnaround in Q4 numbers, Ranbaxy has tumbled this morning after reporting the numbers yesterday. The stock has tumbled over 7% to Rs 421.
Ranbaxy Laboratories posted a consolidated net profit of Rs 262 crore for the fourth quarter ended December 2009, compared to a net loss of Rs 680 crore in the year-ago quarter.
Meanwhile, Tata Power Company which reported 72% drop in consolidated net profit at Rs 152.73 crore for the December quarter, over the year-ago period has declined 2% to Rs 1,237.
Source: http://www.business-standard.com/india/news/ranbaxy-tata-power-slip-post-earnings/86902/on
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