Lupin soars 8%, hits over three-year high on heavy volumes

The stock surpassed its previous high of Rs 1,121.85 touched on September 2020 and was trading at the highest level since July 2017

Shares of Lupin hit an over three-year high of Rs 1,147 as they advanced 8 per cent on the BSE in intra-day trade on Wednesday on the back of heavy volumes. The stock of the pharmaceutical company surpassed its previous high of Rs 1,121.85 touched on September 18, 2020. It was trading at its highest level since July 2017.

The trading volumes on the counter more than doubled with a combined 6.97 million equity shares having changed hands on the NSE and BSE till 11:06 am. The S&P BSE Sensex and the S&P BSE Healthcare indices were up 0.56 per cent