It was the biggest news of the day. Yesterday late afternoon, Pfizer announced that based on the study of its early data on the corona virus vaccine, it was found to be more than 90% effective.
Pfizer said that it will seek emergency use authorization from the US Food and Drug Administration for its vaccine candidate. The vaccine is made together with German partner, BioNTech.
This news was enough for the stock, which rose 19.5% to Rs.5875, hitting a new high, was close to its 20% UC of the day at Rs.5901.40.