Anupam Rasayan India jumps on $90 mln order

Anupam Rasayan India

03/04/2024 04:59

** Shares of Anupam Rasayan India  ANUY.BO  up 3.7% 
    ** Stock rose as much as 6.9% in early trade to 945.05
rupees 
    ** The industrial chemicals manufacturer on Tuesday signed a
letter of intent worth about $90 million with a Japanese
multinational company to supply two advanced intermediates using
fluorination chemistry 
    ** Stock on track for a fourth consecutive session of gains,
if trend holds
    ** More than 13,000 shares change hands in early trade, 1.7x
its 30-day avg
    ** Average rating of nine analysts covering ANUY is "hold",
their median PT is 812 rupees - LSEG data
    ** Including session's move, stock is down 12.6% YTD 

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