India's Anupam Rasayan slumps on fire incident at plant

Anupam Rasayan India

12/09/2022 05:50

** Industrial chemicals manufacturer Anupam Rasayan India
Ltd's shares  ANUY.NS  down as much as 4.9% at 748 rupees 
($9.39)- its biggest pct loss since Aug 3
    ** Co on Sunday said a fire incident occurred at a plant in
Sachin GIDC, Surat at a manufacturing block in Unit-6 [https://bityl.co/EK9L
]
    ** 4 fatalities were reported at the time of submitting
information, with 20 people injured and receiving treatment at a
local hospital, adds co
    ** ANUY says is investigating the cause of the incident 
    ** More than 1,70,000 shares traded vs 30-day moving avg of
over 60,000
    ** All six brokerages covering the stock have a "buy" or
"strong buy" rating; median PT is 935.50 rupees- Refinitiv data
    ** Up to Friday's close, stock had fallen 20.6% YTD


($1 = 79.6750 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((yagnoseni.das@thomsonreuters.com))