Novartis India hits record high after recent acquisition, distribution deal
10/09/2026 06:29
BUZZ-Novartis India hits record high after recent acquisition, distribution deal ** Pharma co Novartis India's NOIN.BO shares rise 18% to 2,580 rupees, hitting an all-time high
** Stock has gained in six of last seven trading sessions
** Gains come after co on Tuesday said it entered into an exclusive promotion and distribution agreement with Novartis Healthcare to market its retina portfolio in India
** On Monday, Novartis India said that it would acquire the Minipress brand and related IP from Pfizer PFE.N for about 12.5 billion rupees ($131.30 million)
** NOIN holds trailing 12-month PE of 55.26 vs industry median of 23.98
($1 = 95.2050 Indian rupees)
(Reporting by Abhinav Parmar in Bengaluru)
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