May 24, 2017 / 5:17 AM / 2 months ago

BUZZ-India's Jubilant Life Sciences jumps on Q4 profit surge

1 Min Read

** Shares of Jubilant Life Sciences Ltd rise as much as 12.8 pct to 762 rupees

** Co's Q4 profit jumps nearly 14 times, helped by a 13 pct rise in revenue from its life science ingredients segment

** "The positive surprise is largely due to higher revenues in life science ingredients segment", Nomura analysts say

** Stock posts highest intraday pct gain since Jan 4

** About 1.4 mln shares traded by 0500 GMT, more than two times the stock's 30-day avg

** Stock up about 7 pct this year as of Tuesday's close

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