India's Jubilant Ingrevia up on buying 37.98% stake in Mister Veg Foods

Jubilant Ingrevia

17/03/2023 06:32

** Shares of Jubilant Ingrevia  JUBN.NS  rise as much as
4.67% to 410 rupees
    ** Stock hits sharpest intraday pct gain since Mar. 10,
posts gains after five straight sessions of losses
    ** Life sciences products and solutions provider says it
acquired 37.98% stake in associate co Mister Veg Foods for 21.3
million rupees ($258,307.06)
    ** JUBN remains below  50-, 100-, and 200-day simple moving
averages, indicating bearish sentiment 
    ** More than 4,984 traded as of 11:50 a.m. IST, 0.5x 30-day
average of 9,982 shares
    ** Stock down 24.64% YTD as of last close, after posting
7.87% loss in 2022

($1 = 82.4600 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))