India's Lyka Labs rises as it considers share allotment to IPCA Labs

Lyka Labs

19/04/2023 07:07

** Shares of Lyka Labs Ltd  LYKA.NS  rise as much as 3% to
114.7 rupees, their highest since April 13
    ** Co reported that it considered allotment and issue of 2.4
mln shares upon conversion of warrants to IPCA Laboratories 
    ** LYKA snaps out of 2 consecutive sessions of loss
    ** Trading volume is 82,830 shares as of 11:30 a.m. IST,
0.7x the 30-day avg of 111,017 shares
    ** Stock down over 14% YTD up to last close


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))