The stock of Unichem Laboratories hit a fresh 52-week high of Rs 323 on the BSE in early morning trade. It is trading close to its record high of Rs 334 touched on October 6, 2015 in intra-day trade.
The trading volumes on the counter more than doubled with a combined 837,972 shares changed hands on the BSE and NSE till 12:45 PM.
The BSE said the exchange has sought clarification from Unichem Laboratories Ltd on October 30, 2017, with reference to news in www.moneycontrol.com dated October 27, 2017 quoting "Torrent Pharma in talks to buy Unichem's domestic business". The reply is awaited.
Torrent Pharmaceuticals was up 1% at Rs 1,277, after hitting intra-day high of Rs 1,282 on the BSE.