Aurobindo Pharma gains 3% in early trade a day after touching a 52-week low
1 min read . Updated: 11 Nov 2022, 11:02 AM IST
Premium- Aurobindo Pharma shares were trading in the green on the BSE as well as NSE
New Delhi: A day after touching a 52-week low following the arrest of one of its directors by the Enforcement Directorate (ED), shares of Aurobindo Pharma rose nearly 3 per cent in early trade on Friday,
Recovering the lost ground, the company's shares were trading in the green on the BSE as well as NSE on Friday morning.
The scrip jumped to ₹492.10 on the BSE after opening at ₹481.50. It touched an intra-day high of ₹496.95.
On the NSE, the scrip climbed more than 3 per cent to ₹492.80. After opening at ₹485, it had touched an intra-day high of ₹497.
On Thursday, it had touched a 52-week low of ₹464.20 after one of its directors P Sarath Chandra Reddy was arrested by the Enforcement Directorate in connection with the Delhi excise policy case.
The scrip had closed at ₹481.50 on the BSE on Thursday.
On Thursday, the drug maker informed the bourses that the "arrest of P Sarath Chandra Reddy, Whole Time Director/ Promoter Group of the company is not in anyway connected with the operations of Aurobindo Pharma Ltd or its subsidiaries".
MINT PREMIUM See All
Aurobindo makes a range of medicines from antibacterials to antidepressants.
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less