Nureca Share Price Doubles in April; Hits Upper Circuit for 4th Straight Day

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Nureca Share Price Doubles in April; Hits Upper Circuit for 4th Straight Day

By Aditya Raghunath

Investing.com -- On April 16, Investing.com had written about the share price of Nureca Ltd (NS: NURE ), a health and wellness company, rising 150% since its debut in February. The stock was trading at Rs 1,005 then.

Today, it closed at Rs 1,218.75, after hitting the upper circuit at 5% for the fourth consecutive day. The stock closed on March 31 at Rs 601.05. It has risen over 102% in April.

In fact, the price movement has been so significant that the BSE asked the company for a clarification. It said, “The Exchange has sought clarification from Nureca Ltd on April 13, 2021, with reference to significant movement in price, in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded.”

Nureca replied that the volume of shares traded and the price movement was purely driven by the market.

As India reels under the second wave of the COVID pandemic, analysts say that demand for Nureca’s products like chronic device products and orthopedic products with nutrition supplements will increase rapidly. Analysts have advised that long-term investors would be wise to book profits and re-enter when the price is lower.

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100
  • Ilyas Mandli @Ilyas Mandli
    BECAUSE NURECA IND COMPANY INCREASE 10% TO 35% ALL HIS PRODUCTS , AT THIS COVID TIME FOR POOR INDIAN PUBLIC
    Like 0
  • Ilyas Mandli @Ilyas Mandli
    BECAUSE NURECA IND COMPANY INCREASE 10% TO 35% ALL HIS PRODUCTS , AT THIS COVID TIME FOR POOR INDIAN PUBLIC
    Like 0
  • Ilyas Mandli @Ilyas Mandli
    BECAUSE NURECA IND COMPANY INCREASE 10% TO 35% ALL HIS PRODUCTS , AT THIS COVID TIME FOR POOR INDIAN PUBLIC
    Like 0
  • Tanuja Mukherjee @Tanuja Mukherjee
    The Exchange has to ask from Kddl-Re for the rapid increase and fall.
    Like 0
  • DEEPAK PODDAR @DEEPAK PODDAR
    Sold it
    Like 0

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