Emami stock up 7% on proposed Paras buy

The stock of Kolkata-based Emami Ltd surged as much as 7.3 per cent during morning trade today following news that the firm was the front-runner to buy a majority stake in the Ahmedanad-based Paras Pharmaceuticals.

The stock is currently trading at Rs. 445 up Rs. 2.35 or 0.53 per cent over the previous close. The scrip touched an intra-day high of Rs. 468 and an a low of Rs. 444 on the Bombay Stock Exchange (BSE).