India's Lasa Supergenerics surges as court allows unit restart

Lasa Supergenerics

16/12/2021 07:12

** Shares of the pharmaceutical co  LASA.NS  up as much as
11% at 70.80 rupees, their highest since Oct 18
    ** LASA posts biggest intraday pct gain since Dec 1
    ** Co says https://bit.ly/3yuEIQZ it can restart its unit at
Chiplun city in Maharashtra, thanks to an order from Bombay's
high court setting aside the state pollution control board's
directive to disconnect electricity and water supply to the unit
    ** LASA lost a few days in forced closure, although order
books are full for the next few months and it is aiming to meet
the time gap of production loss - Managing Director Omkar
Herlekar
    ** More than 594,000 shares traded by 0650 GMT, 5.9 times
30-day avg of over 100,050 shares 
    ** As of last close, LASA had fallen 24.5% this year 

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))