Jubilant Life rallies over 8% on price hike of Niacinamide
The company is one of the largest global producers of Vitamin B3 which find application in food, feed, pharma and personal care products.
By ET Online |
NEW DELHI: Shares of Jubilant Life Sciences Ltd ended the day 3.80points or 2.26 per cent up at 172.25 after it surged as much as 8.5 per cent in trade on Wednesday, after the company said it has raised with immediate effect the prices of Niacinamide by 10 per cent for non-contract customers and wherever existing contracts permit.
At 09:40 AM, Jubilant Life was trading 5.2 per cent higher at Rs 177 on the BSE. It hit a low of Rs 174 and a high of Rs 182.85 in trade today.
The company is one of the largest global producers of Vitamin B3 (Niacin and Niacinamide) which find application in food, feed, pharma and personal care in standard as well as customised products, said media reports.
The company announced the price hike on Tuesday, after market
At 09:40 AM, Jubilant Life was trading 5.2 per cent higher at Rs 177 on the BSE. It hit a low of Rs 174 and a high of Rs 182.85 in trade today.
The company is one of the largest global producers of Vitamin B3 (Niacin and Niacinamide) which find application in food, feed, pharma and personal care in standard as well as customised products, said media reports.
The company announced the price hike on Tuesday, after market
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