India's Sai Parenterals rises after unit signs Australia supply pact

Sai Parenteral's

02/07/2026 05:29

     ** Shares of Sai Parenteral's SAIP.NS rise as much as 15.3% to a record high of 706 rupees
** Stock gains after company says its subsidiary, Noumed Pharmaceuticals, has renewed an over-the-counter medicine supply agreement with Australia's leading pharmacy networks
** Says contract is valued at about 13 billion rupees($136.88 million)
** More than 42,587 shares change hands vs 30-day avg of 345,845 shares
** Stock up 57.5% since its listing in February


 (Reporting by Payel Das in Bengaluru)
 ((Payel.Das@thomsonreuters.com))