Aarti Industries trades ex-pharma business; stock hits 52-week low

Shareholders will get one share of Aarti Pharmalabs for every four shares they hold in Aarti Industries

Shares of Aarti Industries hit a 52-week low of Rs 642, down 1 per cent on the BSE in Wednesday's intra-day trade, as the stock started trading ex-pharma business effective today.

The stock, however, bounced back 11 per cent to Rs 710.55 from its intra-day low. At 02:04 PM, it was trading 5 per cent higher at Rs 683.50, as compared to 0.25 per cent rise in the S&P BSE Sensex. In the past one month, the stock of Aarti Industries has tanked 16 per cent.

The company has fixed Thursday, October 20, 2022, as record date to