Aster DM's good report

Aster DM is currently the top gainer on the BSE; the stock rose over 14% to hit an intraday high at Rs.197, with volumes jumping up more than 9x. Its 52-week high is at rs.237.25 while 20% UC for the day at Rs.207.20.

The market has given it a big thumbs up after it posted a set of super duper earnings for Q4FY22.

The company posted a stellar set of numbers with net profit rising more than 2-times to Rs.246 crore v/s Rs.117 crore (YoY). This was on a total income of Rs.2750 crore, up 23% (YoY). Its EBITDA increased 44% at Rs.463 crore.

Last week the company said that it has entered into a partnership with Skye Air Mobility, a drone-based logistics firm, for the delivery of diagnostic samples and medicines.