India's Ami Organics falls after high net-worth investor trims stake

Acutaas Chemicals

20/06/2023 08:07

** Shares of Ami Organics  AMIO.NS  fall as much as 2.89% to
1,261 rupees
    ** Stock of the speciality chemicals maker drops after high
net-worth investor Girishkumar Chovatia sold 360,000 shares at
1,265 rupees apiece on Monday
    ** Girishkumar Chovatia held an 8.5% stake in AMIO, ahead of
the transaction, according to shareholding pattern data from
National Stock Exchange
    ** Two of five analysts tracking AMIO maintain "strong buy",
while three suggest "buy"; median TP is 1,330 rupees
    ** Stock up 32% in 2023, versus a 3% gain in Nifty 50 index
 .NSEI 
    
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))