Back-to-back upper circuits: Pharma stock gains after this business update - Details

Shares of pharma company Murae Organisor have been hitting back-to-back circuits for the last couple of days. The counter is in action even today, as the company has informed exchanges that its board has approved a major expansion plan involving land acquisition and investment of up to Rs 250 million. As part of this investment, the company will explore the acquisition of agricultural land located in Kutch, Gujarat. However, the approval is subject to satisfactory due diligence, receipt of necessary regulatory approvals and other statutory clearances.

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