Marksan Pharma soars 5% on positive credit rating

India Ratings & Research (Fitch Group) has revised Marksans outlook to Positive from Stable.

Apr 23, 2020 02:04 IST India Infoline News Service

Marksans Pharma
Marksans Pharma's shares soared by nearly 5% on Sensex, after the company received positive credit ratings. At around 1.42 pm, the share price was trading at Rs21.24 per piece, up by 4.53% on the index.

The stock opened at Rs20.36 per piece slightly lower compared to previous closing of Rs20.32 per piece.

However, the stock bounced on upward trend soon after and even touched an intraday high of Rs21.68 per piece.

India Ratings & Research (Fitch Group) has revised Marksans outlook to Positive from Stable.

Additionally, the agency also affirmed long term issuer rating at "IND A-".

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