The drugmaker plans to acquire 33 percent stake in Avenue Therapeutics for $35 million at $6 per share, according to its stock exchange notification.
Shares of the pharmaceutical company fluctuated between gains and losses to trade at Rs 528.40.
Cipla
HDFC AMC, Sun Pharma, Wipro, Cipla, IndiGo
Equity benchmarks in Japan and South Korea were little changed as trading began, while Australian stocks declined. Futures indicated Hong Kong shares would nudge higher after sliding into a bear market. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, traded 0.3 percent higher at 11,349.50 as of 7:20 a.m.
Pharma Index Reday For Bast – Buy Ajanta Pharma, Cipla, Aurobindo and Sleep for 4—5 Days
Pharma Index Reday For Bast – Buy Ajanta Pharma, Cipla, Aurobindo and Sleep for 4—5 Days
Technical Power of CFA’s
(CHARTRED FINANCE ANALYST)
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