Natco Pharma up nearly 4% on nod to sell US-based stores

Shares of drug firm Natco Pharma today settled with nearly 4 per cent gains after the company's board approved sale of 'Save Mart Pharmacy Stores' in the US, which is a non-core business of the firm.
The stock gained 3.22 per cent to close at Rs 412.05 . During the day, Natco stocks climbed 6.51 per cent to Rs 425.20.
On NSE, shares of the company surged 3.78 per cent to end the day at Rs 412.70.
Volumewise, 2.43 lakh shares of the company changed hands at BSE and over 17 lakh shares were traded at NSE during the day.

The board has approved sale of the US stores - a non-core business of the company, Natco Pharma had said in a regulatory filing yesterday.
The stores are owned by Natco Pharma Inc, a wholly-owned subsidiary of the company.
The firm did not disclose financial details as well as reasons for the sale of the assets.