A maturing market amid the mayhem
Zandu Pharma zooms
Two consecutive upper circuits of 20 percent have helped shares of Zandu Pharma cross the 10,000 rupee mark, its highest since October 2008.
The stock has gained over 40 percent in two days, translating to an over 3,300 rupee jump per share. The stock had hit an all time of 23,965 rupees in 2008.
The volume of Zandu shares on Friday stood at 27,580, its highest since October 2008. The volume of the share is generally low — 301 was the average daily volume in August.
Though the stock is priced above 10,000, would you invest in this counter seeing the recent surge?