The stock tumbled to a low of Rs 196 and finally settled the day at Rs 198, down 10% from its previous close. The counter clocked volumes of 9.52 million shares as compared to the two-week daily average traded volumes of 1.09 million shares on the BSE.
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(Updated at 1039hrs)

US based drug major Hospira is in plans of buying the injectable pharmaceuticals business of Chennai-based Orchid Chemicals for Rs 1,860 crore.

The stock today opened at Rs 228, zoomed to a high of Rs 239 and then slipped into the negative to touch a low of Rs 209.

Also Read   Related Stories News Now - Hospira buys Orchid unit for $400 mn - Love, orchids - Orchid Chemicals reports Rs 13.2 cr loss - Exclusivity gains - Orchid Chemicals targets Rs 4900 crore in 3 years - Royal Orchid to add 3,000 hotel rooms

Also Read   Related Stories News Now - Markets open sharply lower amid weak global cues - BEST buses pelted with stones in Mumbai - Tata Motors hits 4-mth low, dn 16% post Q4 results - Bandh supporters block roads, railway tracks in WB - NDA-led bandh turns violent in Bangalore More

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets open sharply lower amid weak global cues - BEST buses pelted with stones in Mumbai - Tata Motors hits 4-mth low, dn 16% post Q4 results - Bandh supporters block roads, railway tracks in WB - NDA-led bandh turns violent in Bangalore

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