Syschem (India) climbs on approving Haryana unit expansion plan

Syschem (India)

21/06/2023 06:36

** Shares of Syschem (India)  SYCH.BO  climb up as much as
7.9% at 41.80 rupees
    ** SYCH on Tuesday approved expansion plan at Haryana unit 
    ** Expansion for manufacturing of antibiotic drugs
Amoxicillin and Cephalexin, SYCH said
    ** Unit capacity will increase from 720 TPA to 1,380 TPA
approx., funds required around 100 mln to 120 mln rupees - co
    ** Stock trading below 50-, 100- and 200-day exponential
moving averages
    ** Including session's gains, stock down ~12% YTD

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))