scorecardresearchAurobindo Pharma gains 3% in early trade

Aurobindo Pharma gains 3% in early trade

Updated: 11 Nov 2022, 10:56 AM IST
TL;DR.
Aurobindo Pharma: 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.
FILE PHOTO: A man ties a balloon to the horns of a bull statue at the entrance of the Bombay Stock Exchange (BSE) while celebrating the Sensex index rising to over 30,000, in Mumbai, India April 26, 2017. REUTERS/Shailesh Andrade/File Photo

FILE PHOTO: A man ties a balloon to the horns of a bull statue at the entrance of the Bombay Stock Exchange (BSE) while celebrating the Sensex index rising to over 30,000, in Mumbai, India April 26, 2017. REUTERS/Shailesh Andrade/File Photo

(PTI) Shares of Aurobindo Pharma rose nearly 3 per cent in early trade on Friday, a day after touching a 52-week low following the arrest of one of its directors by the Enforcement Directorate.

The scrip jumped to 492.10 on the BSE after opening at 481.50. It touched an intra-day high of 496.95.

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.

Recovering the lost ground, the company's shares were trading in the green on the BSE as well as NSE on Friday morning.

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.

The 30-share Sensex surged nearly 1,000 points in the morning trade to 61,609.92 points.

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". 

First Published: 11 Nov 2022, 10:56 AM IST