India's Tarsons Products up on unit's acquisition of German medical distributor

Tarsons Products

21/12/2023 04:54

** Shares of labware products maker Tarsons Products
 TARO.NS  rise 4.8% to 510.50 rupees
    ** Co through unit will acquire two German medical
distributor entities namely- Nerbe R&D GmbH and Nerbe plus GmbH
& Co. KG for 10-15 million euros (about $11-16 mln)
    ** More than 94,980 shares change hands nearly the same as
the 30-day avg
    ** Five analysts covering the stock have an average rating
of "buy"; median PT is 631 rupees, about 23% higher than the
current price - LSEG data
    ** Stock down 26.6% so far this year



($1 = 0.9133 euros)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))