AstraZeneca bounces back from early loss

AstraZeneca Pharma India, an integrated biopharmaceutical company,bounced backin post noon trade on Wednesday from loss of about8% in the morning today.

The company's shares plunged in morningafterAstraZeneca Pharmaceuticals AB Sweden announced Tuesday it will reduce stake in its India unit AstraZeneca Pharma India in order to comply with the requirement of minimum public shareholding norms. Shares ofthe companyare trading at Rs 850, up Rs 16.25, or 1.95% at the Bombay Stock Exchange (BSE) on Wednesday at 1:36 p.m.The scrip has touched an intra-day high of Rs 910.20 and low of Rs 711.20. The total volume of shares traded at the BSE is 332,652.In the earlier session, the shares lost 3.38%, or Rs 29.15, at Rs 833.75. Currently, the stock is trading down 67.91% from its 52-week high of Rs 2,649 and above 2.83% over the 52-week low of Rs 826.60.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 982.50 (148.75) (15.14) 1 Month 1,340.00 (506.25) (37.78) 3 Months 1,491.05 (657.30) (44.08) 6 Months 1,785.45 (951.70) (53.30) 1 Year 2,094.15 (1,260.40) (60.19) Note: Based on previous day closing price.