India's Ami Organics rises on $60 mln fund raise plan

Acutaas Chemicals

15/04/2024 05:46

** Shares of Ami Organics  AMIO.NS  up as much as 2.8% to
1,255 rupees; last up 1.7% 
    ** The speciality chemicals maker on Friday approved raising
5 bln rupees ($59.9 mln) via qualified institutional placement
(QIP) of shares
    ** Average rating of five analysts covering the stock is
"buy"; median PT is 1,315 rupees - LSEG data
    ** Including session's moves, AMIO up ~11% this year, far
outpacing rivals Privi Speciality Chemicals  PIVI.NS  and Tatva
Chintan Pharma Chem  TATV.NS , which are down between 7.1%-21.8%





($1 = 83.4300 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))