DSIJ Mindshare

Intraday Spotlight: Suven Life Sciences gains 12 per cent; heres why!
Vishwajeet Bhandigare
/ Categories: Trending, Mindshare

Intraday Spotlight: Suven Life Sciences gains 12 per cent; heres why!

Board to consider fund raising through the rights issue.

Suven Life Sciences Ltd, engaged in the healthcare, R&D and analytics business, has jumped over 12 per cent today from its previous close of Rs 63.85 as the board considers raising funds through a rights issue. In an upcoming meeting on June 24 2022, the management will consider issuing equity shares of the company on a rights basis to the existing shareholders of the company.   

The stock opened at Rs 63.20 and has made its day high of Rs 73.45 (+15 per cent). This might have come as a big relief for shareholders since the stock has been trading near its 52-week low of Rs 62. As of 10:30 am today, the stock was trading near Rs 71.6 on the BSE. This company is one of the leading gainers in group A on the BSE.   

While the benchmark index like Sensex has made a bounce back today by rising about 1.5 per cent, Suven Life Sciences has been flying like a rocket. For the quarter ended March, the company reported a growth of 3.8 per cent in profitability and a high jump of 171 per cent in revenues on a YoY basis.     

Suven Life Sciences Ltd provides a wide range of drug discovery and development support services to global pharma and biotech companies. It offers research services specializing in synthetic, medicinal and analytical chemistry.    

The stock has a 52-week high and low of Rs 124.40 and Rs 62, respectively. 

Previous Article Stocks below Rs 100: Only buyers seen in these scrips on June 21
Next Article Trend reversal: Beaten-down stocks that are outperforming markets on June 21!
Print
329 Rate this article:
3.6
Please login or register to post comments.
DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR