The stock touched a high of Rs 303 and ended up 6% at Rs 298. The counter witnessed a total of 266,191 shares being traded on the BSE today.
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(Updated at 1203 hrs)
Aurobindo Pharma has risen after getting the TGA nod for Simvastatin tablets.
The stock opened at Rs 283, and slipped into red to a low of Rs 277. The stock however rebounded into the positive zone and touched a high of Rs 289.
Currently, the stock is trading at Rs 286, up 2%. The counter has clocked a volume of 15,835 shares so far.
According to release issued by the company to the BSE, Aurobindo Pharma has got the approval from the Therapeutic Goods Administration (TGA), government of Australia to register the Simvastatin Tablets 5,10,20,40 & 80 mg.
Simvastation is used for the treatment of of high risk of coronary heart diseases.