(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".