On Friday, shares of NBCC (India) Ltd zoomed 2.41 per cent to Rs 48.78 per share from its previous closing of Rs 47.63 with an intraday high of Rs 51.20 and low of Rs 48.50. The stock also traded at a new 52-week high of Rs 51.20 per share with a spurt in volume by more than 1.12 times on BSE.

The company's net profit climbed more than 78 per cent year-on-year!

On Thursday, shares of the company surged by more than per cent and traded at its 52-week high of Rs 19,867.10.

The company has consistently maintained a robust dividend payout ratio of 18.2 per cent.

Owing to the positive news the stock made a fresh 52-week high gaining about 6 per cent.

Overall, Trident Lifeline Limited's Q1FY24 financial performance demonstrates its strong market position and ability to capitalize on growth opportunities in the pharmaceutical industry.

During this specific quarter, both Promoters and FIIs have demonstrated increased interest and confidence in the company.

According to the annual results, the net sales increased by 43.79 per cent to Rs 3,155.90 crore, the operating profit increased by 77.84 per cent to Rs 156.25 crore and the net profit skyrocketed by 106.85 per cent to Rs 79.74 crore in FY23 compared to FY22.

The company has delivered returns of 108 per cent from the date of its listing in March 2023.

The company has been consistently maintaining a robust dividend payout of 80.8 per cent.