Unichem Lab near record high on talks of Torrent Pharma eyeing domestic biz

The stock was trading 3% higher at Rs 315, extending its past two days 17% surge on the BSE

Torrent
Premium

SI Reporter Mumbai
Unichem Laboratories was trading 3% higher at Rs 315, extending its past two days 17% surge on the BSE, as media reports suggest that Torrent Pharma is in advanced talks to buy the company’s domestic business.

The stock of Unichem Laboratories hit a fresh 52-week high of Rs 323 on the BSE in early morning trade. It is trading close to its record high of Rs 334 touched on October 6, 2015 in intra-day trade.

The trading volumes on the counter more than doubled with a combined 837,972 shares changed hands on the BSE and NSE till 12:45 PM.

The BSE said the exchange has sought clarification from Unichem Laboratories Ltd on October 30, 2017, with reference

First Published: Oct 30 2017 | 12:49 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com