India's Sakar Healthcare jumps after update on unit

Sakar Healthcare

03/01/2023 09:33

** Shares of Sakar Healthcare Ltd  SAKA.NS  rise as much as
6.6% to 249.90 rupees, their highest since Dec. 5
    ** Pharma products maker says it is starting a liquid and
lyophilised injection unit where it will produce five molecules
in the oncology segment
    ** Unit to have annual capacity of 15 mln vials; to
commercialise products from April
    ** Stock set for second straight day of gains; it is
currently trading above 50-, 100-, and 200-day simple moving
averages of 236.63 rupees, 230.51 rupees, and 193.69 rupees,
respectively
    ** Over 56,000 shares change hands by 3:01 p.m. IST, twice
their 30-day avg
 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))