India's Unichem Laboratories rises after land sale plan

Lodha Developers

03/03/2025 09:41

** Shares of Unichem Laboratories UNLB.NS rise 5.6% to 639 rupees

** Pharmaceutical co to sell 3.4 acres of land and old construction building area at Prabhat Estate in Mumbai for 2.79 bln rupees ($31.9 mln) to Macrotech Developers MACE.NS

** Stock set to snap five-session losing streak

** UNLB down ~14.2% in 2025 vs 83.2% gains in 2024

($1 = 87.3480 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))