India's Morepen Laboratories jumps on 8.25 billion-rupee order win

Morepen Laboratories

23/02/2026 05:07

** Shares of Morepen Laboratories MORL.NS up 15.1% at 45.2 rupees, set for best day since August 19, 2024

** Pharma co wins order worth 8.25 bln rupees ($90.9 mln) in contract drug manufacturing segment

** Stock rises as much as 15.7% earlier in the day

** Stock moves above its 50-day, 100-day simple moving avgs

** More than 30 mln shares traded, 15.5x their 30-day moving avg, and marking busiest day since April 24, 2025

** YTD, MORL up ~10%

($1 = 90.7500 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))