Jagsonpal Pharma rallies 19% on open offer by Infinity Holdings Group

Shares of Jagsonpal Pharmaceuticals rallied 19 per cent to Rs 244.50, hitting a 52-week high on the BSE in Tuesday's intra-day trade, after Infinity Holdings Group made an open offer to buy 26 per cent stake in the company at a price of Rs 235 per share.

In the past one week, the stock of the pharmaceutical company has surged 48 per cent from a level of Rs 165.75. In comparison, the S&P BSE Sensex down 1 per cent at 11:33 AM; having fallen 2 per cent in the past one week.

Infinity Holdings is an open-ended investment