Monday, 12 June 2017

Wockhardt, Sanofi, Biocon gain on insulin GST cut

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Shares of pharma majors were trading higher in early trade after the GST Council on Sunday announced slashing of the proposed GST rate of 12 per cent on insulin to 5 per cent.

The BSE Healthcare index was trading 0.26 per cent up at 14265 around 10 am, while the benchmark BSE Sensex was down 150 points at 31,112 at around the same time.

Shares of Biocon, Sanofi and Wockhardt were up 1.54 per cent, 1.23 per cent and 0.58 per cent at Rs 1038.15, Rs 4,101 per cent and Rs 638.

Zydus Wellness and Glenmark Pharma were up 1.57 per cent and 0.27 per cent at Rs 840 and Rs 649.85, respectively.

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