Laurus Labs bounces 16% from day's low on heavy volumes

Shares of Laurus Labs moved higher by 9 per cent to Rs 504.50, bouncing 16 per cent from their intra-day low on the BSE in Friday’s trade on the back of heavy volumes on a positive outlook.

At 02:43 pm, the stock was trading 8 per cent higher at Rs 501, after hitting a low of Rs 433 earlier in the day. The trading volumes on the counter jumped over two-fold with a combined 9.9 million equity shares having changed hands on the NSE and BSE. In comparison, the S&P BSE Sensex was up 0.17 per cent at 57,375 points.