Deal with Forest Labs boosts Glenmark
DALAL STREET SPIKES
| The deal, worth up to $190 million, was signed after market hours on Thursday. The stock in Thursday's trading had also hit the 10 per cent upper circuit. |
| The stock again hit the 10 per cent upper circuit of Rs 235.70 Friday on the back of a strong volume of more than 73,000 on the BSE. The stock has been on an uptrend for a while now. |
| From a low of Rs 133.55 on June 23, 2004, the scrip has appreciated 76.6 per cent to Friday's close of Rs 235.70. The stock hit an all-time high of Rs 235.60 in intra-day trades on the NSE. The stock has a face value of Rs 2. |