The stock settled at Rs 1,438, up 2% from its previous close. The counter clocked volumes of 25,792 shares as compared to the two-week daily averegae traded volumes of 49,619 shares on the BSE.
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(Updated at 1121hrs)
Lupin has gained on raising $100 million via FCCB issue.
The stock opened at Rs 1,412 and surged 2.3% to touch a high of Rs 1,439. It is now trading with a 2% gain at Rs 1,436. The stock is now just 1% away from its 52 week high of Rs 1,451.
The stock has jumped 8% in the past month.
The counter has seen trades of around 6,635 shares on the BSE.
According to a release issued by the company to BSE, Foreign Currency Convertible Bonds ( FCCBs) of $100 million has been issued. These bonds would mature in January 2011 and will be listed on the Singapore Stock Exchange.
