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AstraZeneca India shares zoom 20% after launch of type-2 diabetes drug

Jun 11, 2015    

Shares of AstraZeneca Pharma India has been steadily gaining momentum for the last couple of sessions, with the stock zooming 20 percent in early trade Thursday after the company announced the launch of type-2 diabetes drug Forxiga in India.At 10.25 am, the stock was at Rs 1,147.70, up 20 percent (Rs 191.25) from its previous close. Over 1 lakh shares have changed hands on the BSE so far against the two-week daily average volume of 17,000 shares.In the last two trading sessions, the stock has gained nearly 6 percent, shrugging off the weak broad market sentiment.According to the company, the d...

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