India's Neuland Laboratories down after large shareholder trims stake

Neuland Laboratories

11/12/2023 09:23

** Shares of Neuland Laboratories  NEUL.NS  fall 2% to 5,060
rupees
    ** Davuluri Rama Mohan Rao, a large shareholder in the co,
sold 400,000 shares amounting to 3.12% stake through open market
transactions, NEUL said post market hours on Friday
    ** Rao held 24.71% stake in NEUL at the end of September
quarter, according to National Stock Exchange data
    ** Trading volume is 95,424 shares as of 2:44 p.m. IST, 1.7
times the 30-day avg - LSEG data
    ** Including day's losses so far, stock still up 204% in
2023

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))