Morepen Laboratories shares hit multi-year high on BSE
In short
Morepen Laboratories shares jumped to a multi-year high of ₹112.85 on Wednesday.
The stock was up 8% in intra-day trade on the BSE and had risen 112% in six weeks. The reporting does not say what caused the rally.
What the reporting says
Morepen Laboratories’ share price hit a multi-year high of ₹112.85 and rose 8% in Wednesday intra-day trade on the BSE, according to publisher-supplied reporting. The source says the stock had already zoomed 112% in six weeks, but it does not state the reason for the rally. The immediate catalyst and whether the move continued after the session were not stated.
Why it matters
Morepen Laboratories shares reached a multi-year high of ₹112.85 on Wednesday and rose 8% in BSE intra-day trade, after a 112% gain over six weeks. The report highlights the sharp price run-up but gives no corporate trigger, earnings surprise or announcement. The near-term driver and whether the move was sustained after the session were not stated.