India's Morepen Laboratories gains on unit's new launch

Morepen Laboratories

11/12/2024 07:04

** Morepen Laboratories  MORL.NS  climbs 1.6% to 87.15
rupees
    ** Burnol ointment maker said its unit Dr. Morepen launched
weight management program LightLife at 599 rupees ($7.06),
marking foray into the segment
    ** Dr. Morepen targets 1-bln-rupee revenue from LightLife
over next three years, media reports said
    ** Co did not immediately respond to Reuters' request for
comment on revenue target
    ** Stock has gained for 13 out of 14 sessions, surging 19%
    ** MORL up ~80% YTD

($1 = 84.8350 Indian rupees)
    

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))