Stride Arcolab sells Generic biz; stock rises 13%

Stride Arcolab has sold Generic business in Southeast Asia and Australia for USD 400 million, reports CNBC-TV18.

The share touched a 52-week high of Rs 462. At 12:15 hrs the share was quoting at Rs 460.70, up Rs 53.35, or 13.10%.
 
It was trading with volumes of 495,599 shares, compared to its 5-day average of 20,620 shares, an increase of 2,303.46%.
 
In the previous trading session, the share closed up 4.91% or Rs 19.05 at Rs 407.35.