The stock hit a multi-year high of Rs 88.85 was trading 63 per cent higher against its qualified institutional placement (QIP) price of Rs 54.37 per share.
A sharp rally in the mid-cap and small-cap stocks are on back of strong inflow from the domestic institutional investors (DIIs)
Shares of Morepen Laboratories soared 6.46 per cent at Rs 61.89 per share on the BSE in Monday's intraday trade