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Syngene International dips over 5% after huge block deal
Syngene International has dipped 5.5% to Rs 572 on the BSE after a more than 1% stake of the pharmaceutical company changed hands via block deal. The name of the buyers and sellers were not ascertained immediately. On Thursday, December 1, 2016, the stock hit a record high of Rs 616 on the BSE in intra-day trade. In past four months, it had outperformed the market by surging 45% as compared to 5% decline in the S&P BSE Sensex till yesterday.
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