Gold Silver Reports (GSR) – PC Jeweller Rebounds On Proposal To Consider Share Buyback – Shares of the Delhi-based jewellery retailer rebounded from its worst fall in over two months on Friday and rose as much as 17.55 percent to Rs 209. The stock snapped its 5-day losing streak after it informed exchanges that its board will meet on May 25 to consider a proposal to buy back its shares.
Merck Stock Surges On Reporting Over 50% Rise In Net Profit In Q4 – Shares of the Mumbai-based drug maker rose as much as 11.51 percent to record high of Rs 2,122 after it reported March quarter earnings.
Key earnings highlights:
✅ Revenue up 27 percent to Rs 301 crore versus Rs 229 crore
✅ EBITDA up 84 percent to Rs 42 crore versus Rs 23 crore
✅ EBITDA Margins at 13.8 percent versus 9.9 percent
✅ Net profit up 53 percent to Rs 22.7 crore versus Rs 14.8 crore
✅ Exceptional gain of Rs 6.5 crore related to sale of office property in Mumbai in Q4FY18
