Small Business

Bilcare weakens despite GDR issue

Bilcare ended at Rs 512, lower by Rs 2 or 0.3%, on the BSE. - M&M slips on plans of aviation extention - Sensex breaks four day winning streak - Birla Shloka Edutech fixes FPO price band at Rs 45-50 - Markets end weak - Weakness persists - Sensex exhibit weakness The stock opened at Rs 520 and saw a high of Rs 530 and a low of Rs 511 during the day. The counter clocked volumes of 0.30 lakh shares as against the two-week average of 0.64 lakh shares. -----------------------------------------------------------------------------------------------------------------(Updated at 1019am) Pharma Packaging firm Bilcare firm on collecting $35mn through global depository receipts (GDR). The stock opened at Rs 520 and soared to a high of Rs 529. The scrip is now trading at Rs 524, up 2% from its previous close. The counter clocked volumes of 6,758 shares on the BSE. The company opened its GDR issue on 6th January through which it intends to raise around Rs 160 crore, for subscription. The offer will remain open for a period of seven days.

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