FDC, V-Mart Retail hit record highs in weak market

FDC rallied 11% to Rs 319, while V-Mart surged 7% to Rs 1,960 on the BSE in intra-day trade.

FDC and V-Mart Retail have hit their respective record highs by surging up to 11% on the BSE in intra-day trade in otherwise weak market.

FDC has rallied 11% to Rs 319 in early morning trade on back of heavy volumes. The trading volumes on the counter jumped more than 10-fold with a combined 1.05 million shares changed hands on the BSE and NSE till 01:23 pm. The stock surpassed its previous high of Rs 297 touched on February 12, 2018 in intra-day trade.

Last month, on February 7, the board of directors of pharmaceutical company had approved