Marksans Pharma jumps 20% after Goa unit inspection by UK MHRA

Shares of Marksans Pharma soared nearly 20 percent intraday Monday as investors bet on positive developments from a UK health regulator’s inspection.The company’s plant located at L-82 and L-83, Verna Industrial Estate in Goa had an inspection by UK’s Medicines and Healthcare products Regulatory Agency (MHRA) from February 14-17, 2017, it firm informed the BSE. The inspection was completed without any critical observations, the company informed. It is now awaiting further instruction from the agency in this regard. The stock has seen very strong movements in the past fifteen days, after having risen over 28 percent. It continued this momentum in the past three days as well, having risen 28.6 percent.At 12:52 hours IST, the stock was quoting at Rs 48.50, up Rs 7.90, or 19.46 percent on the BSE. It touched an intraday high of Rs 48.70 and an intraday low of Rs 41.65.