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Zandu Pharma zooms

September 11, 2009

Two consecutive upper circuits of 20 percent have helped shares of Zandu Pharma cross the 10,000 rupee mark, its highest since October 2008.

ZanduThe shares closed at 10,802 on Friday after gaining 1,800 rupees and ended as the top gainer of the BSE mid-cap index.

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?

Comments

Wow.. wat a surge. wish i had one stock :)

Posted by Rajni | Report as abusive
 

I think this is just one of the stocks to have benefited from the current bull run. I would consider it a risk to be investing at this price. But thats me.

Posted by Arun | Report as abusive
 

Don’t chase performance..

 

soon the investor enter in this share will going to burn their fingures due to the bubble

 

In the long term its still a buy…the Emami group owns 67% of the company…there is a reason they fought for control for this company.

Posted by Venky | Report as abusive
 

stock has marked up trend. Will reach 25000 in december.

Posted by ajay | Report as abusive
 

I think whatever this stock is showing that is indicating that it will cross the the life time high…very sooooooooooooooooooooooooon 25000

Posted by Sanjeev choudhary | Report as abusive
 

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