The announcement was made by the company ahead of the market closing. The stock settled at Rs 536 on the NSE, up Rs 37, or 7% over Friday s closing price. Strides Pharma Science shares also hit their 52-week high of Rs 539.
On Monday, 2305 stocks advanced, 1439 declined and 197 remained unchanged, with an advance decline ratio of 1.60 on the Bombay Stock Exchange (BSE), indicating a positive closing of stocks in broader markets. Markets continued to rally despite turbulence and gained nearly half a percent. Recent domestic macroeconomic data releases have painted a favourable picture for the domestic markets, enabling them to maintain their momentum.
On Thursday, 2241 stocks advanced, 1436 declined and 130 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 1.56 indicating a positive closing of stocks in broader markets.