India's Ami Organics set for best day in 8 months on lithium-ion operations

Acutaas Chemicals

29/01/2024 08:10

** Shares of Ami Organics  AMIO.NS  up 5.5% at 1,147.55
rupees
    ** Stock set for best day since May 2023 and to snap
six-session losing run
    ** Specialty chemicals maker says started operations to
manufacture and supply products for lithium-ion battery cells
    ** Nearly 840k shares traded in stock's busiest day in a
month
    ** Analysts avg rating on AMIO is "buy", per LSEG data
    ** Stock trading at ~16% discount to analysts' median PT of
1,365 rupees - LSEG data

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))