Neuland Laboratories hit its 52-week high of Rs 88.30 as well as its upper circuit and closed at the same price. More than 21,550 shares of the company were traded on the BSE.
The rise on the counter comes on the back of its announcement that the company has executed the first commercial shipment of Ciprofloxacin Hydrochloride USP valued at $4,08,000 to the US.
The consignment of Ciprofloxacin Hydrochloride USP will be used for the launching of a generic product by one of the Neuland