India's FDC hits all-time high in heavy volume

FDC

03/01/2024 06:20

** Shares of drug maker FDC Ltd  FDC.NS  rise as much as
8.6% to record high of 432.80 rupees in heavy volume
    ** Reuters could not immediately verify the reason for the
move
    ** Over 3.2 mln shares traded; stock's busiest session since
Aug. 10, 2023, a day after FDC's Q1 results, share buyback plan
    ** Stock last up nearly 5%; It has risen 5% or more only on
six occasions in 2023
    ** Stock rose ~46% in 2023, outperforming Nifty Pharma
 .NIPHARM  index's ~34% rise

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))