Stock of this PSU pharma company has zoomed 61% in 3 days on heavy volumes

The stock was locked in the 20% upper circuit; around 1.4 million shares, representing 3.2 per cent of total equity of the pharmaceutical company, changed hands on bourses

Shares of Bharat Immunologicals & Biologicals Corporation were locked in the 20 per cent upper circuit at Rs 44.85 on the BSE amid heavy volumes in Friday's weak intra-day market.

Around 1.4 million shares, representing 3.2 per cent of total equity of the pharmaceutical company, had changed hands. There were pending buy orders for 315,728 shares on the BSE, at the time of writing this report. In comparison, the S&P BSE Sensex was down 1.1 per cent 60,159.

In the past three trading days, the stock price of Bharat Immunologicals & Biologicals Corporation has zoomed 61 per cent