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Divi's Labs surges 6% on successful USFDA inspection of Unit-2

The stock trading at its highest level since December 23, 2016, has outperformed the market by surging 47% in past one month, as compared to 4% rise in Sensex.

Divi's Laboratories plant
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Divi's Laboratories plant

SI Reporter Mumbai
Divi’s Laboratories has moved higher by 6% to Rs 915 on BSE in intra-day trade after the company announced that all the previous observations by US drug regulator regarding Unit-2 of its Visakhapatnam facility have been confirmed as completed and resolved.

The stock hit nine-month high and was trading at its highest level since December 23, 2016 on BSE. It outperformed the market by surging 47% in past one month, as compared to 4% rise in the S&P BSE Sensex.

“Unit-2 has been inspected by the U.S. Food and Drug Administration (US-FDA) from September 11 to September 19,