Monday 9 March 2015

Natco Pharma gains 3% on launching drug in Nepal

The stock hit a high of Rs. 1,580 and a low of Rs. 1,536 on BSE today. 

Natco Pharma is trading higher on the BSE on the back of launching Hepatitis C drug in Nepal.

The company today informed the BSE that it has launched the first generic version of sofosbuvir in Nepal, which is used for chronic hepatitis C infection.

The stock opened with a gain of 1.5 per cent at Rs. 1,536. So far, the stock has jumped to a high of Rs. 1,580 - up 4.4 per cent from its previous close.

Now, the stock is up 3 per cent at Rs. 1,566. The BSE counter has registered trades of around 11,000 shares, as against two-week daily average volume of 7,431 shares.

Meanwhile, the Sensex has plunged 381 points at 29,068. 

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