The Q1 result was announced after market hours on Thursday, 7 August 2014.

Meanwhile, the S&P BSE Sensex was down 230.01 points or 0.9% at 25,359.

On BSE, so far 11,000 shares were traded in the counter as against average daily volume of 3,191 shares in the past two weeks.

The stock hit a high of Rs 598.80 and a low of Rs 551 so far during the day.

Hikal after market hours on Thursday, 7 August 2014 said that ICRA vide its letter dated 4 August 2014 has informed the company that the rating committee of ICRA, after due consideration, has upgraded the rating of the line of credit enjoyed by the company from BBB - (ICRA triple B minus) to BBB (ICRA triple B) (for long term) and from A3 (ICRA A three) to A2 (ICRA A two) (for short term).

Hikal provides active ingredients, intermediates, R&D services and solutions to companies in the pharmaceuticals, biotech, agrochemicals and specialty chemicals industries.