India's Eiko Lifesciences jumps on foray into logistics business

Eiko Lifesciences

18/12/2024 09:06

** Shares of Eiko Lifesciences  EIKO.BO  jump 10% to 67.36
rupees, their highest since Nov. 11  
    ** Maker of speciality chemicals and pharma intermediates to
foray into logistics and container management via a unit 
    ** Container management will generate revenue of 650 million
rupees ($7.65 million) over five years
    ** EIKO sees busiest day in nearly two months, trading vols
at 4.5 times their 30-day avg   
    ** Including session's gains, stock up 5% in 2024


($1 = 84.9220 Indian rupees)

 (Reporting by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))