/ Henkel AG Eager To Increase Its stake In Jyothi Laboratories, Shares Spike By 9% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 17 April 2017

Shares of Jyothy Laboratories are surging up over 9% on BSE and also traded at a fresh 52-week high value of Rs 427 per share.

The share price of the stock took a vertical climb after reports that the deadline for Henkel AG to exercise its option to acquire a 26% stake in Jyothy Laboratories may be extended to November, as the German consumer goods firm is keen to take at least a 50% ownership in its Indian partner gradually. 

The stock has underperformed BSE Midcap index and outperformed BSE FMCG index on a yearly basis.

Total stocks traded on NSE stood at 6,69,112 shares.

BSE FMCG index is trading the index low 0.32% or 29.46 points at 9277 levels.

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