Latest News | Aurobindo Pharma Gains 3 Pc in Early Trade

New Delhi, Nov 11 (PTI) Shares of Aurobindo Pharma rose nearly 3 per cent in early trade on Friday, a day after touching a 52-week low following the arrest of one of its directors by the Enforcement Directorate.

The scrip jumped to Rs 492.10 on the BSE after opening at Rs 481.50. It touched an intra-day high of Rs 496.95.

Also Read | Indian Army Launches Single Window Facility Named 'Veerangana Sewa Kendra' for Welfare of Veer Naris.

On Thursday, it had touched a 52-week low of Rs 464.20 after one of its directors P Sarath Chandra Reddy was arrested by the Enforcement Directorate in connection with the Delhi excise policy case.

The scrip had closed at Rs 481.50 on the BSE on Thursday.

Also Read | 7th Pay Commission: After DA Hike, Fitment Factor To Be Raised? Here Are Latest News Updates.

Recovering the lost ground, the company's shares were trading in the green on the BSE as well as NSE on Friday morning.

On the NSE, the scrip climbed more than 3 per cent to Rs 492.80. After opening at Rs 485, it had touched an intra-day high of Rs 497.

The 30-share Sensex surged nearly 1,000 points in the morning trade to 61,609.92 points.

On Thursday, the drug maker informed the bourses that the "arrest of P Sarath Chandra Reddy, Whole Time Director/ Promoter Group of the company is not in anyway connected with the operations of Aurobindo Pharma Ltd or its subsidiaries".

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)