The stock touched a high of Rs 272 and finally ended at Rs 270, up 3% from the previous close.Around 734,845 shares were traded as compared to the two-week daily average traded volumes of 529,679 shares.
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(Updated at 1028hrs)
Cipla has gained in early trades following its Rs 1,500 crore capex plans.
The stock opened at Rs 264 and slipped to a low of Rs 262. From there the stock gained 2% to a high of Rs 267. The stock is now trading at Rs 266 - up 1.5%. The counter has clocked a volume of 244,890 shares on the BSE so far.
The company has announced that it envisages a capital expenditure of up to Rs 1,500 crore. They would be looking at the markets to raise this money.
