Syschem India jumps after fund raise plan

Bharat Parenterals

20/12/2024 06:44

** Shares of Syschem (India)  SYCH.BO  rise as much as 15.6%
to 55 rupees, hitting their highest since May 2024
    ** Active pharmaceutical ingredient maker to consider
raising funds via issue of equity or warrants on Dec. 24
    ** SYCH eyes best day since Jan. 2024; on track to snap
two-day losing run
    ** Stock up ~8% so far this year, on track for fifth
straight year of gains
    ** Peer Bharat Parenterals  BATP.BO  surged ~102% YTD


 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))