The stock tumbled to a low of Rs 196 and finally settled the day at Rs 198, down 10% from its previous close. The counter clocked volumes of 9.52 million shares as compared to the two-week daily average traded volumes of 1.09 million shares on the BSE.
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(Updated at 1039hrs)
US based drug major Hospira is in plans of buying the injectable pharmaceuticals business of Chennai-based Orchid Chemicals for Rs 1,860 crore.
The stock today opened at Rs 228, zoomed to a high of Rs 239 and then slipped into the negative to touch a low of Rs 209.
The scrip is now trading at Rs 211, down 4% from its previous close. The counter has clocked volumes of 2.71 million shares as compared to the two-week daily average traded volumes of 1.09 million shares on the BSE.