Stock Market Today, Aug. 20 -- Penny stock from the pharma sector - Welcure Drugs & Pharmaceuticals - rose to the 5% upper price band in intraday trade on Wednesday.

The gains in the stock followed after the company informed the bourses about its board meeting slated for next week to consider fundraising via qualified institutional placement (QIP).

Welcure Drugs & Pharmaceuticals on 20 August intimated the exchanges about the proposed Agro-Pharma Research Laboratory & about a Board Meeting to be held on 28 August 2025 to consider fundraising by QIP.

Giving details about the proposed project, Drugs & Pharmaceuticals Ltd. said that the goal for setting up an agro-pharma research laboratory is to develop, validate, and scale technologies ...