Shares of Alkem Laboratories declined in early trade on February 21 after a large transaction worth Rs 300 crore took place on the stock exchanges. Around 6.41 lakh shares of the pharmaceutical company were traded at a floor price of Rs 4,680 per share. This price was slightly lower than the previous day’s closing price.
The identities of the buyers and sellers involved in the transaction were not immediately known.
At 9:16 AM, shares of Alkem Laboratories were trading at Rs 4,700.50 on the NSE, reflecting a slight drop after the large deal.
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Source: Moneycontrol.
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