Morepen Labs is currently at its intra day high point at Rs.29.95, up 12% though closer to its 52-week low of Rs.13.40 than the high of Rs.41.80.

This maker of Burnol, has surged on unconfirmed news that the company may sell its OTC (over-the-counter) business of market leading brands such as Burnol to Ajay Piramal Group.

This news has come in the Economic Times and it stated in its report that, “Morepen has mandated Deloitte Touche Tohmatsu to run a formal process and negotiations are at an advanced stage."

The stock exchange has sought a clarification on the same but the company is yet to respond.