India's Supriya Lifescience at 9-month high on new partnership

Supriya Lifescience

03/08/2023 07:15

** Shares of Supriya Lifescience  SPRL.NS  rise as much as
4.58% to 287.95 rupees, highest in nearly nine months since
November 7, 2022
    ** Uptick after the active pharmaceutical ingredients (API)
maker announces collaboration with U.S.-based consumer products
firm Plasma Nutrition in protein technology
    ** Partnership involves exclusive technology licensing
agreement for proteins; SPRL to get sole rights to manufacture
and market protein supplements in India       
    ** Trading volume is 829,958 shares as of 11:31 a.m. IST,
3.3 times the 30-day avg - Refinitiv data
    ** Relative strength index (RSI) has been above 70 since
Wednesday, suggesting the stock may be overbought    
    ** SPRL up 20.57% in 2023 so far, including today's move
compared to 20% rise in Nifty Healthcare index  .NIFHEIN 

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))