Celestial Biolabs stock up 6%

The stock has now rallied 5.91 per cent.

Jan 13, 2015 02:01 IST India Infoline News Service

Celestial Biolabs extended its earlier gains and jumped to its highest level since June, 2008 after the announcement of launching patented anti-diabetic product.

According to a release issued by the Celestial Biolabs to the BSE, the company is set to launch its latest anti-diabetic product which is expected to be a breakthrough in research and in the management of Diabetes.

The company is in the process of launching this natural sea based 100 per cent vegetarian product tentatively by April 2015, a release added.

The stock so far has soared over 8 per cent at Rs. 51.20. Now, the stock is up 5.91 per cent at Rs. 50.20.

The BSE counter has witnessed trades of around 401,000 shares, when compared with its two-week daily average volume of 168,000 shares.

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