InvestorQ : Why did Divi’s Laboratories scale to an all-time high on Monday, 04th October?
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Why did Divi’s Laboratories scale to an all-time high on Monday, 04th October?

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Riya Dwivedi answered.
2 months ago
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On Monday, the stock of Divi’s Laboratories touched a peak of Rs.5,314 after favourable news flows from clients. The US based Merck and Ridgeback Biotherapeutics announced that antiviral Molnupiravir had substantially reduced risk of hospitalization for mild-to-moderate COVID-19 patients. This is good news for Divi’s Laboratories since it is the authorized manufacturer of Molnupiravir API. Brokers have upgraded target price for Divi.

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