Pharma giant Cipla today surged by over four per cent on the BSE amid the swing in the healthcare sector after the Government’s announcement on Tuesday to withdraw the service tax on healthcare and smart buying in the broader market.
The scrip closed 4.13 per cent higher at Rs 304.15 on the Bombay Stock Exchange. The counter was the best performer among the Sensex 30 index companies. During the intra-day trading, it gained up to 4.75 per cent to Rs 306.
Similarly, the pharma major rose 4.92 per cent to Rs 305.95 on the National Stock Exchange. On the volume front, over 16 lakh shares of the company were traded on both the bourses.
Market observers attributed the surge to overall bullish sentiment on the Dalal Street today.
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