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Jubilant Life slips 2.5% after scaling a 52-week peak in early trade

The company said it has launched the generic version of antiviral drug remdesivir in India.

pharma, medicines, drugs
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For the quarter ended March 2020 (Q4FY20), the company had reported a consolidated net profit of Rs 260.49 crore. (Representative image)

SI Reporter New Delhi
Shares of Jubilant Life Sciences surged 5.5 per cent to hit a 52-week high of Rs 909.75 on the BSE on Tuesday, a day after the company said it has launched the generic version of antiviral drug remdesivir in India for the treatment of Covid-19 patients.

The stock, however, erased its morning gains later and slipped into the negative territory. At 12:05 AM, the stock was quoting 2 per cent lower at Rs 845 on the BSE. It hit a low of Rs 840.45 against Monday's close of Rs 862.30. 

In comparison, the S&P BSE Sensex was trading 547 points or nearly