Anupam Rasayan India jumps most in 2 weeks on signing $265 mln LOI

Anupam Rasayan India

14/06/2023 05:07

** Shares of Anupam Rasayan India  ANUY.NS  rise as much as 5.9%
to 1,150 rupees, biggest intraday pct gain since May 31    
    ** The industrial chemicals manufacturer on Tuesday signed a
Letter of Intent (LOI) worth $265 million with a Japanese
speciality chemical company
    ** Stock hits highest level since June 1
    ** About 503,125 shares change hands by 9:31 a.m. IST, vs
30-day avg of 336,735 shares - Refinitiv Data
    ** Two out of 7 analysts covering the stock have a "buy" or
higher rating, while one has "hold" and four rate it as "sell"
or "strong sell"; median PT is 1,020 rupees
    ** Stock up ~60% YTD as of last close

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