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Concord Biotech share price surges 20% as Kotak upgrades the stock to an add
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₹1,670 on Wednesday, May 29, on BSE, defying weak market sentiment. The stock, however, pared gains and traded 7.14 per cent higher at ₹1491 apiece around 9:45 am.
Equity benchmark Sensex was 0.33 per cent down at 74,920 at that time.On Tuesday, May 28, the company held an earning call for the fourth quarter and year ended March 31, 2024, with analysts. Following this, brokerage firm Kotak Institutional Equities upgraded the stock to an 'add' from a 'reduce', revising the fair value to ₹1,550, implying an 11 per cent upside potential.(More to comeMilestone Alert!
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