LAS VEGAS — The man accused of orchestrating the 1996 killing of rap icon Tupac Shakur went on trial Monday in Las Vegas, nearly three decades after the drive-by shooting that has stood as one of the most notorious unsolved crimes in American music history.

Duane “Keffe D” Davis, 63, faces a single count of murder with a deadly weapon with the intent to promote, further or assist a criminal gang in connection with Shakur’s death. Jury selection began Monday before Clark County District Court Judge Carli Kierny and is expected to take about a week, with the full trial projected to run as long as a month, and by some estimates up to six weeks.

Shakur, 25, was fatally shot on September 7, 1996, while stopped at a red light near East Flamingo Road and Koval Lane, about a block off the Las Vegas Strip, after attending a Mike Tyson-Bruce Seldon boxing match at the MGM Grand. He died six days later at University Medical Center. The shooting also wounded Death Row Records executive Marion “Suge” Knight, who was driving the car. Knight is now serving a 28-year sentence in a California prison in connection with a separate, unrelated 2015 killing.

Davis has been jailed without bail since his arrest in September 2023 and has pleaded not guilty. If convicted, he faces a possible sentence of life in prison. According to court filings and reporting on the case, Davis rejected a plea deal ahead of trial, opting instead to fight the charge despite the risk of a life sentence.

Prosecutors allege Davis was the on-the-ground leader of the group responsible for the shooting and supplied the firearm used in the attack, though the case is not expected to identify who actually fired the shots. Chief Deputy District Attorney Marc DiGiacomo has previously described Davis as the “on-ground, on-site commander” who “ordered the death” of Shakur.

What makes the case unusual, legal analysts say, is the near-total absence of traditional physical evidence. There is no murder weapon, no recovered getaway vehicle and no surveillance footage of the shooting. Instead, prosecutors are relying almost entirely on Davis’s own public statements — including his 2019 memoir “Compton Street Legend,” years of podcast and documentary interviews, and statements he gave to police — to build their case.

“In this case, almost all of the evidence the state will seek to introduce, will be to establish the credibility of Defendant’s various accounts of his role in the killing,” prosecutors wrote in a recent court filing.

That reliance on Davis’s own words has created what legal observers describe as an unusual courtroom dynamic: prosecutors will argue that the man they allege is a killer is nonetheless a credible narrator of his own crime, while defense attorneys are expected to portray their client as an unreliable storyteller who fabricated details to help sell books and boost his public profile. Since his arrest, Davis has said his previous accounts were false and were made largely to generate publicity, and he has blamed a co-author for inserting inaccurate information into his memoir.

Marc DiGiacomo has pointed to the irony at the center of the prosecution’s case, noting that Davis’s own public statements are what ultimately led to charges being filed. “Had Mr. Davis never opened his mouth, never written the book,” the case likely would not have resulted in prosecution, he told the court, according to reporting on a pretrial hearing.

Davis’s history with the case dates back decades. He has said publicly, including in his memoir, that he provided the gun used in the shooting to his nephew, Orlando Anderson, who authorities have long believed was the actual gunman. Anderson denied involvement before his death in an unrelated shooting in 1998 and was never charged. Authorities allege the killing was carried out in retaliation for a physical altercation between Anderson and Shakur inside the MGM Grand casino just hours before the shooting.

At the time of his 2023 arrest, Davis, a former high-ranking figure in the South Side Compton Crips street gang, spoke candidly with the arresting officer about the significance of the case. Asked what he was being taken into custody for, Davis responded that it was “the biggest case in Las Vegas history.”

In pretrial rulings, Judge Kierny allowed prosecutors to introduce excerpts from Davis’s book and media interviews at trial, finding that a prior proffer agreement with investigators did not shield his public statements from being used against him. She also permitted prosecutors to use statements Davis made to police during earlier proffer sessions, though she noted some concerns about the legal basis for doing so. The defense had separately sought to suppress interviews Davis gave to police in 2008 and 2009 and to have the jury fully sequestered for the length of the trial; both requests were denied, though the judge did allow for partial sequestration.

Given the intense public interest in the case, the court has implemented a daily seating lottery to manage limited courtroom capacity once the jury is empaneled, and proceedings are expected to be livestreamed, offering the public a rare, largely unfiltered look at testimony and evidence in a case that has captivated hip-hop fans for a generation.

Shakur’s family members have continued to press for accountability in the decades since his death. His stepbrother, Mopreme Shakur, has spoken publicly about the significance of finally seeing the case reach trial after nearly 30 years of unanswered questions.

Once jury selection concludes, both sides are expected to deliver opening statements before witness testimony begins, with the case likely to draw sustained national attention given its cultural significance and the decades-long wait for any resolution in one of the most closely watched unsolved killings in American popular culture.

The luxury department store chain is in the midst of a high-profile auction process

Luxury department store chain Harvey Nichols could collapse into administration if a rescue buyer is not found, its directors have warned.

The retail group, which has branches in London, Bristol, Manchester, Birmingham, Leeds, Edinburgh and Dublin, will “cease trading” should it fail to secure a sale and no further funding is forthcoming, the company’s directors cautioned in its most recent accounts.

Harvey Nichols could secure a buyer as early as this week, following a high-profile auction process that has drawn interest from high street heavyweights Next and Frasers.

Frasers Group, the parent company of Sports Direct and Flannels, is understood to be frontrunner in the race to acquire the business and could push through a takeover via a pre-pack administration process within days, according to Sky News.

Frasers founder Mike Ashley is actively seeking acquisitions to bolster his retail empire’s push into the luxury market. Last week, he told the Financial Times the department store chain is in a “death spiral”, as reported by City AM.

“The group has received a number of bids and is actively pursuing one or more such bids with a view to concluding a transaction within the going concern period,” Harvey Nichols’s directors stated in a Companies House filing.

“While a range of offers has been received by the group, one or more such offer would require the group to be in formal administration prior to sale. At the date of approval of the financial statements, no offer has been accepted.”

The group witnessed turnover decline by five per cent to £46.6m in the year to March 2025, while its pre-tax loss expanded to more than £14m.

Should Harvey Nichols fail to secure a buyer, it would need to obtain emergency funding or face the prospect of collapse within 12 months, the board warned.

Potential suitors for the department store had been requested to pledge between £50m and £60m to underpin the group’s turnaround strategy as part of any offer.

However, Ashley informed the Financial Times that he was pursuing a cut-price arrangement. Harvey Nichols will probably be sold for less than £40m, he suggested.

“I don’t think I’ll be writing a huge cheque, because you’ve got to think about the future losses. If it was a little bit tough before, it is in a death spiral now,” he said.

Yet Ashley remarked he “wouldn’t be crying a river” should Frasers miss out on the department store, adding: “I don’t think Next would be either.”

The FTSE 100 retailer has also been participating in the auction process. Under Lord Simon Wolfson’s stewardship, Next has acquired a number of smaller upmarket retailers in recent years, including Russell & Bromley and Joules.

Harvey Nichols enjoyed its golden era in the 1990s and featured prominently in sitcom Absolutely Fabulous. However, it has faced fierce competition from rivals such as Harrods and Selfridges in recent years.

Hong Kong-based retail magnate Sir Dickson Poon, who owns the group, is seeking a purchaser capable of modernising its store portfolio and accelerating its global growth ambitions.

LOS ANGELES — Actor Scott Eastwood has shared a long-circulating account of how his father, Clint Eastwood, once directed Kevin Costner to leave the set of their 1993 film “A Perfect World” after the younger star remained in his trailer.

Speaking on the “Armchair Expert” podcast hosted by Dax Shepard, Scott Eastwood, 40, described the episode as a “legendary story” from the production. He prefaced the recollection by noting he was paraphrasing and might not have every detail exact.

“Kevin Costner sort of going through maybe, the Kevin Costner rise to fame and maybe got a big ego, you know, blah blah blah, but they were doing ‘A Perfect World,’” Scott Eastwood said. “Apparently, he didn’t want to come out of his trailer for some reason.”

Clint Eastwood directed the crime drama and co-starred as a Texas Ranger pursuing Costner’s character, an escaped convict who takes a young boy hostage. According to Scott, his father preferred to remain on set rather than spend time in a trailer. He recalled his father’s consistent advice while growing up around film productions: “You want to learn how to make movies? You want to learn how to do this? You stay here with everybody else, and you make the damn movie.”

When informed that Costner was not emerging for a scheduled scene, Clint Eastwood responded without raising his voice, Scott said. “Well, send him home then.”

Crew members questioned the decision because Costner was needed for the scene. The director repeated the instruction. According to Scott Eastwood’s account, someone then approached Costner and told him he would be going home for the day.

Costner replied, “What do you mean I’m in the scene?” The response, as Scott recounted it, was: “Well, I guess you’re not anymore. Clint changed that.”

Scott Eastwood said the message appeared to land. “I think the next day he was on set ready to go.”

He emphasized that his father maintained a calm presence on set and did not raise his voice. The story, he suggested, illustrated a clear hierarchy and a practical approach to keeping production moving.

“A Perfect World,” released in 1993, starred Costner in the lead role opposite Eastwood, with Laura Dern also featured. The film follows the relationship that develops between the convict and the boy during their flight, while law enforcement closes in. It was not a major domestic box-office success upon release but performed more strongly internationally and has retained a following among admirers of Eastwood’s work as both actor and director.

Scott Eastwood has spoken previously about the influence of growing up around his father’s sets. He has credited the experience with shaping his own professional standards and giving him an early view of both strong leadership and less productive behaviors in the industry. In earlier interviews he has noted that his father worked to keep the family’s life relatively private and grounded, living outside Los Angeles in Carmel rather than immersing the children fully in Hollywood’s more public aspects of celebrity.

The recent podcast appearance has drawn fresh attention to the 1993 production anecdote. Similar accounts have circulated before. Cinematographer Jack Green, a frequent Eastwood collaborator, recounted a version of events years earlier in which the director instructed the crew to use Costner’s stand-in when the actor was not ready, then continued filming. Green described Eastwood’s preference for capturing performances efficiently and moving forward rather than waiting extensively.

Representatives for Costner were contacted by multiple outlets following Scott Eastwood’s comments and did not immediately provide a response. Costner, who rose to major stardom in the late 1980s and early 1990s with films including “Dances With Wolves,” “Robin Hood: Prince of Thieves” and “The Bodyguard,” has not publicly addressed the specific recollection in recent days.

Clint Eastwood, now 96, has maintained a long career marked by a reputation for efficient sets, limited takes and a no-nonsense directing style. He has directed dozens of films and continued working into advanced age. Scott Eastwood has built his own acting career with roles in films such as “The Longest Ride,” “Suicide Squad” and more recent projects, while often reflecting on the lessons absorbed from observing his father’s methods.

The story underscores differing approaches to the collaborative and hierarchical nature of film production. One side of the anecdote frames the decision as a straightforward exercise of a director’s authority to keep a schedule intact. The other implies the pressures and adjustments that can accompany a rapid rise in an actor’s profile. Scott Eastwood presented the episode primarily as an illustration of his father’s consistent presence and expectations on set.

“A Perfect World” remains part of Eastwood’s substantial filmography as a director who frequently explores themes of justice, consequence and human connection under pressure. The 1993 production brought together two major stars of the era under Eastwood’s dual role as director and co-lead. Decades later, the recollection shared by his son has returned the collaboration to public discussion, focusing less on the finished film than on the practical dynamics of getting it made.

Scott Eastwood’s account adds a personal dimension to long-standing descriptions of his father’s working habits. By emphasizing presence on set, readiness and the willingness to adjust plans when necessary, the story aligns with broader accounts of Eastwood’s preference for momentum over prolonged delays. Whether the precise sequence matches every prior version of the anecdote, the core elements of authority, efficiency and a subsequent return to work have been consistent across retellings.

As both a family story and a window into 1990s Hollywood production culture, the episode continues to circulate because it captures a moment of quiet decisiveness rather than confrontation. Clint Eastwood’s reported instruction to send Costner home required no raised voice and produced, according to his son, a swift adjustment the following day. For Scott Eastwood, it remains an example of the standards he observed while learning the business from the inside.

Shares of Dynamatic Technologies gained 12% to Rs 12,261 on the BSE on Monday after it reported a net profit of Rs 20.79 crore for the quarter ended June 30, 2026, compared with Rs 10.77 crore in Q1 FY26. Revenue stood at Rs 424.81 crore, up 14.5% from Rs 370.93 crore in the year-ago quarter.

EBITDA rose 45.9% to Rs 55.11 crore from Rs 37.78 crore in Q1 FY26. EBITDA margin improved to 13.0%, up 280 basis points from the year-ago period. EBIT increased 83.7% to Rs 35.43 crore from Rs 19.29 crore, while EBIT margin stood at 8.3%, up 310 basis points.

The aerospace segment remained the largest contributor to revenue, with revenue rising 17.0% to Rs 202.25 crore from Rs 172.92 crore in Q1 FY26. Hydraulics revenue increased 9.4% to Rs 116.04 crore from Rs 106.12 crore, while metallurgy revenue rose 15.7% to Rs 106.31 crore from Rs 91.88 crore.

Commenting on the results, Udayant Malhoutra, CEO and Managing Director, said the aerospace segment continued to be the major contributor to revenue, supported by execution across key commercial aerospace programmes and an improved product mix, aided by the ramp-up of sheet metal and detail parts at the wholly owned subsidiary, Dynamatic Manufacturing Limited.

The Airbus A220 doors programme made steady progress during the quarter, reflecting the company’s growing capabilities in complex aerostructure manufacturing and reinforcing its position within the global aerospace supply chain.

Aerospace outlook

Dynamatic said the aerospace business continues to benefit from increasing opportunities across commercial aviation and defence systems. The continued ramp-up and growing contributions from these programmes are expected to support long-term business visibility and strengthen the company’s position in the global aerospace value chain.

Hydraulics outlook

The hydraulics segment is expected to benefit from continued demand across the agriculture sector, domestic OEMs, industrial applications and infrastructure-led sectors in India. Continued optimisation of the UK operations, along with the completion of product-line rationalisation between Bengaluru and Swindon, is expected to strengthen competitiveness and support a more efficient operating structure over the medium term.

Metallurgy outlook

While market conditions in Europe remain to be watched closely, the company said early signs of demand recovery at Erla, together with its continued focus on aerospace, defence and specialised engineering applications, are expected to support further improvement in profitability over the medium term.

Interim dividend

The board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with the limited review reports by the company’s statutory auditors.

The board also declared an interim dividend of Rs 3 per equity share with a face value of Rs 10 each for FY27. The record date for determining the shareholders eligible to receive the interim dividend is August 14, 2026. The interim dividend will be paid to shareholders within the statutory timelines.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

NEW YORK — Monday’s edition of The New York Times’ Connections puzzle sent players hunting through overlapping categories tied to shipping tickets, invoices and facial hair, in a grid that puzzle columnists described as leaning harder on wordplay than straightforward vocabulary.

Connections, published daily by the Times as part of its expanding suite of word games, presents 16 words or phrases that must be sorted into four hidden groups of four. Each group shares a common theme, and the puzzle is color-coded by difficulty, with yellow generally representing the most straightforward category and purple the most challenging. Players are permitted up to four incorrect guesses before the game ends, and, unlike Wordle, there is no penalty tied to the number of guesses used within that limit.

Monday’s puzzle, numbered 1156, grouped its 16 entries into four categories: words and phrases meaning “haphazardly,” ways to receive event tickets, sections commonly found on an invoice, and a category built around famous goatees.

The yellow group, typically the easiest of the four, was built around phrases meaning “in a disorganized or random way.” It included “any old how,” “at random,” “helter-skelter” and “willy-nilly” — four expressions that all describe a lack of order or plan, though their varying phrasing led some players to initially sort them into unrelated groups before recognizing the shared theme.

The second category asked players to identify ways to receive tickets to an event, grouping “mail delivery,” “mobile ticket,” “print-at-home” and “will call.” Puzzle commentators noted that this category required players to think beyond the physical tickets themselves and focus instead on the method of delivery, a distinction that tripped up some solvers who initially grouped ticket-related terms by venue type or event category instead.

The third group centered on sections commonly found on an invoice, pulling together “balance due,” “bill to,” “order number” and “unit price.” This category proved to be a common stumbling block for players unfamiliar with standard invoice formatting, since several of the terms could plausibly fit into other business or finance-themed groupings elsewhere in the puzzle.

The fourth and most difficult category, marked purple, asked players to identify famous goatees, linking “billy goat,” “Colonel Sanders,” “Doctor Strange” and “the devil” under a single, more abstract theme. One puzzle columnist who writes a regular Connections hints column for a technology outlet described the process of untangling that group by recalling a children’s nursery rhyme, saying the key to spotting the connection was thinking of the phrase “not by the hair on my chinny chin-chin,” which led to picturing Colonel Sanders’ well-known white facial hair before connecting the rest of the group.

Connections has become one of the most closely watched entries in the Times’ games lineup since its wider rollout, following the runaway success of Wordle, which the Times acquired in early 2022. The puzzle rewards lateral thinking over straightforward vocabulary knowledge, since individual words can often plausibly belong to more than one category, a design choice intended to create red herrings that complicate early guesses. Puzzle strategists commonly recommend that players first scan the full grid for words that seem to fit a category with unusual confidence, then hold off on submitting a guess until they can also account for the remaining twelve words logically fitting into the other three groups.

Monday’s puzzle arrived alongside the Times’ newer Connections: Sports Edition, a spinoff produced in partnership with The Athletic that applies the same grouping format to sports-specific terminology. That edition’s puzzle for August 10 focused on categories tied to tennis scoring, baseball fundamentals, football team leadership and types of protective gear, according to hint columns published Monday. The sports spinoff has expanded the Connections format to a new audience of sports-focused puzzle fans since its debut, running alongside the standard puzzle each day rather than replacing it.

The Times does not disclose internal difficulty ratings for individual Connections puzzles, but outlets that publish daily hint columns generally rank each day’s difficulty based on reader feedback and the pattern of mistakes commonly reported by solvers. Monday’s puzzle was described by several of those columns as moderately challenging, with the purple goatee-themed category singled out as the primary source of difficulty given its reliance on visual recognition and pop-culture familiarity rather than a straightforward dictionary definition.

Connections is part of a broader daily routine for millions of puzzle enthusiasts who also complete Wordle, the Mini Crossword and Strands each morning, all of which reset at midnight in each player’s local time zone. The four games have become a fixture of the Times’ digital subscription strategy, with the company regularly citing engagement with its games portfolio as a driver of subscriber growth in its quarterly earnings reports.

Players who missed Monday’s puzzle or want to revisit past solutions can access the Connections archive through the Times’ Games app for subscribers with All Access or Games-specific subscriptions, which allow access to every previous day’s puzzle. A new Connections puzzle, along with a new Connections: Sports Edition, Wordle and Mini Crossword, will be published at midnight Tuesday.

The five unit scheme in Llandeilo is a joint venture between the Welsh Government and Carmarthenshire County Council

A five business unit development in Llandeilio has been completed in a joint venture between the Welsh Government and Carmarthenshire County Council.

More than £3m has been committed by the Welsh Government in the 7,000 sq ft scheme at Beechwood Industrial Estate. The development forms part of the Welsh Government’s property delivery plan and supports Carmarthenshire County Council’s ten towns initiative.

Built by Welsh contractor Korbuild, the units have been designed to keep energy costs down and reduce carbon emissions. Features include solar panels, electric vehicle charging points, high levels of insulation, sustainable drainage and the flexibility to add battery storage in future.

The project has also delivered benefits for businesses across the region. Solar Save Renewables, which installed the solar energy system, is based less than a mile from the site.

There has already been strong interest in the units from businesses, with one of the larger units expected to be occupied soon.

Managing director of Korbuild, Mark Cotter, said:“Korbuild were delighted to work with Welsh Government, Carmarthenshire County Council and Rhomco on the successful completion of the Beechwood Industrial Estate project.

“From its energy-efficient design to the involvement of local suppliers, this development demonstrates how sustainable construction can support both businesses and communities.”

Carmarthenshire County Council’s cabinet member for regeneration, leisure, culture and tourism, Hazel Evans, said: “These high-quality business units are a significant investment in the future of Llandeilo and the wider region. By providing modern, energy-efficient space for businesses to establish and grow, we are supporting job creation, strengthening local economies and helping to ensure our towns remain vibrant places to live and work.”

Managing director of Solar Save Renewables, Petar Pavlov, said: “The project has provided an excellent opportunity to showcase the skills and expertise of our team and demonstrates that local companies can successfully deliver high-quality renewable energy solutions.

Shares of Hitachi Energy India jumped over 7% to Rs 35,110.40 on the BSE on Monday, after reporting a 123.5% year-on-year (YoY) jump in its profit after tax to Rs 294.2 crore for the June quarter of FY26. Following the company’s Q1 results, released on Friday in a regulatory filing on the BSE, domestic brokerage firm Nomura initiated coverage on the stock with a Buy rating and set a target price of Rs 40,030 on Monday.

Implying a 23% upside, the brokerage expects EBITDA, revenue and PAT CAGRs of 38%, 48% and 45%, respectively, over FY26-29F. The growth outlook is supported by a robust existing order book, healthy order inflows across HVDC and ex-HVDC segments, rising T&D equipment demand driven by renewable energy capex and emerging segments such as data centres, along with margin expansion from better operating leverage.

The company reported a 68.6% YoY jump in Q1 revenue from operations to Rs 1478.9 crore, driven by strong and timely execution of its order backlog across all businesses.

Confluence of multiple structural themes results in robust growth prospects

As a leader in HVDC technology, the company, in the brokerage’s view, is well positioned to benefit from opportunities arising from upgrades to maturing HVDC stations over the longer term.
The brokerage believes that the company is positioned to benefit from five key tailwinds, including lifecycle service orders for grid automation, expansion of transport infrastructure, multi-fold growth in data centres, energy storage solutions, and the target of ordering one HVDC project per year to enable grid integration.

Nomura also expects Hitachi Energy India to win two domestic HVDC projects over FY26-29F.

Company Outlook

As per the company’s statement on the BSE, the new fiscal year brings increased opportunities in emerging segments such as AI data centres, smart grids, BESS and electric vehicle infrastructure. With the new target of 900 GW of non-fossil fuel installed capacity by FY36, opportunities in the renewable energy segment are expected to grow manifold, creating the need for a robust energy manufacturing ecosystem to meet the nation’s growing energy requirements.To deliver on this ambitious target, the company said closer collaboration among all stakeholders and a level-playing-field policy would be essential to ensure equal opportunities for both domestic and global players. It added that a swift resolution to ongoing geopolitical tensions is crucial for global economic growth, as prolonged uncertainty could hinder the pace of the energy transition worldwide.

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times.)

Aarti Pharmalabs shares hit the 20% upper circuit at Rs 823 on the BSE on Monday following the announcement of its June-quarter results. The sharp rally came after the company reported strong double-digit growth in revenue and net profit, along with key announcements on plant expansion and board-level management changes.

Strong revenue and profit growth drive earnings

The company’s consolidated revenue from operations in Q1 surged 38.7% year-on-year to Rs 535.79 crore compared to Rs 386.19 crore in the corresponding quarter of the previous year. Total consolidated income reached Rs 536.25 crore, up from Rs 386.96 crore a year ago.
On the bottom-line front, consolidated net profit after tax (PAT) jumped 65.4% year-on-year to Rs 76.14 crore against Rs 46.03 crore reported in Q1 FY26. Consequently, basic earnings per share (EPS) expanded to Rs 8.40 from Rs 5.08 in the base quarter. Profitability was further boosted by a turnaround performance from its joint venture, Ganesh Polychem Limited, which contributed Rs 7.41 crore to the net profit share compared to a loss of Rs 1.80 crore in the same period last year.

Rs 149-Crore Capex Plan for CDMO Expansion

Alongside its financial results, the Board of Directors approved a major capital investment of Rs 149 crore to construct a new Intermediate Block. The proposed facility will add 405 KL of manufacturing capacity and is designed to meet growing demand from contract development and manufacturing organisation (CDMO) partners and intermediate clients.
The expansion project is targeted for completion within one year and will be funded through a mix of internal accruals and borrowings.

Board Restructuring and Leadership Transition

The board also approved changes to senior leadership roles, which will take effect from October 1, 2026, subject to shareholder approval. Shri Rashesh C. Gogri will transition from Non-Executive Director to Managing Director. Concurrently, Smt. Hetal Gogri Gala will transition from Managing Director to Executive Director.
In line with these changes, the board reconstituted its key governance bodies, including the Audit Committee, the CSR Committee, and the Stakeholders Relationship Committee.

Standalone Performance and Stock Reaction

On a standalone basis, Aarti Pharmalabs reported revenue from operations of Rs 534.59 crore, marking a 42.4% increase from Rs 375.31 crore in the year-ago quarter. Standalone net profit grew 49.3% year-on-year to Rs 71.31 crore.

Also read: How Adani’s $125 billion capex boom is creating new winners on Dalal Street

Following the earnings release, the stock opened with a sharp gap-up at Rs 763.00 before touching the maximum permissible limit of Rs 823.00 on the stock exchanges. Today’s rally brings the stock closer to its 52-week high of Rs 946.10.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)