India, April 10 -- A Hyderabad-based CDMO stock locked into buyers-only territory on Thursday caught the market's attention after an extraordinary mismatch between the scale of the price move and the stated catalyst behind it. Trading volume on the BSE reached 22.27 lakh shares against a monthly average of 1.5 lakh, and delivery volumes surged 398.4 percent over the five-day average.

With a market capitalization of Rs. 14,281.23 crore, the shares of Cohance Lifesciences were trading at Rs. 377.90 per share, up sharply from its previous closing price of Rs. 316.85 apiece. It is trading at a P/E of 53.41.

The exchange filing that preceded the move disclosed the appointment of Mr. Sisir K. Mishra as Company Secretary, Compliance Officer, a...