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Akhilesh Jat SEBI RA

6th Jun ยท SEBI-Registered Analyst

๐Ÿš€ Panacea Biotec Extends Rally, Nears All-Time High

PANACEABIO
remained in strong momentum after Thursdayโ€™s bulk deal-driven surge, with the stock hitting the 20% upper circuit and extending gains on the Fridayโ€™s session. The stock climbed to โ‚น577.65, marking a fresh 52-week high and moving within touching distance of its all-time high of โ‚น581.90 recorded in May 2025. The rally follows a bulk deal in which OHM Investment Corporation acquired 3.14 lakh shares, representing a 0.51% stake, for โ‚น15.52 crore at โ‚น493.07 per share. The buying interest has significantly boosted investor sentiment, with the stock gaining more than 30% on a weekly basis, making it one of the standout performers in the small-cap healthcare space. ๐Ÿ“Œ Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.

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