Vivimed Labs, which had closed yesterday at Rs.16.75, opened lower at Rs.16.35 and from there, it shot up to straight hit the 5% UC of the day at Rs.17.55.

The company announced that it has received approvals for 2 ophthalmic products and 2 oral liquid suspension products from its facilities at Hyderabad.

It said that it is expecting 5 more approvals in Ophthalmics and Oral solids in Q3FY21.