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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.

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.