India's Ami Organics rises on patent wins

Acutaas Chemicals

04/03/2024 05:43

** Shares of pharma intermediates maker Ami Organics
 AMIO.NS  rise as much as 6.2% to 1,185.50 rupees
    ** AMIO on Friday was granted two process patents from
Indian government, for a term of 20 years
    ** Avg analyst rating on stock is "buy"; median PT is
1,315.50 rupees as per LSEG data; this is a premium of ~11% to
day's high
    ** Stock gained 4% last week, after three consecutive weeks
of losses

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))