Mid, small-cap pharma stocks rally; Dishman Carbogen, Unichem Labs soar 20%

Panacea Biotec, Nectar Lifesciences, and Vimta Labs, too, were frozen at 20 per cent upper circuit on the BSE.

Shares of mid-and-smallcap pharmaceutical stocks were in focus on Wednesday as the stocks rallied up to 20 per cent on the back of positive corporate announcements.

Panacea Biotec, Dishman Carbogen Amcis, Unichem Laboratories, Nectar Lifesciences, and Vimta Labs were frozen at 20 per cent upper circuit on the BSE. In comparison, the S&P BSE Sensex was up 0.80 per cent at 34,228 points at 12:45 pm.

Granules India, Morepen Laboratories, Amrutanjan Healthcare, Vivimed Labs, Bal Pharma, Ind-Swift Laboratories, Jubilant Life Sciences, and Kopran were up 10 per cent to 17 per cent on the BSE. Biocon, Alembic Pharmaceuticals, Torrent Pharmaceuticals, and Ipca