 "RPG Life Sciences hits record high")
RPG Life Sciences has soared 10% to Rs 299, also its record high on the BSE, on reports that the company is charting out a plan to enter the skin care segment as a part of its strategy to move towards customer facing businesses.
The new business under the fast growing cosmetology segment is expected to be rolled out this December either through a joint venture or direct import from a global firm, the Economic Times report suggests.
Meanwhile, the BSE said that the exchange has sought clarification from RPG Life Sciences on November 27, 2015 with reference to news reported in Business Standard on November 20, 2015 - "RPG Life Plans Skincare Foray, May Roll Out Biz Next Month."
The reply is awaited.
The trading volumes on the counter more than doubled with a combined 631,733 shares changed hands on the BSE and NSE till 11:46 AM.
In past two weeks, the stock surged 58% from Rs 189 on November 13, as compared to less than 2% gain in the S&P BSE Sensex.
The new business under the fast growing cosmetology segment is expected to be rolled out this December either through a joint venture or direct import from a global firm, the Economic Times report suggests.
Meanwhile, the BSE said that the exchange has sought clarification from RPG Life Sciences on November 27, 2015 with reference to news reported in Business Standard on November 20, 2015 - "RPG Life Plans Skincare Foray, May Roll Out Biz Next Month."
The reply is awaited.
The trading volumes on the counter more than doubled with a combined 631,733 shares changed hands on the BSE and NSE till 11:46 AM.
In past two weeks, the stock surged 58% from Rs 189 on November 13, as compared to less than 2% gain in the S&P BSE Sensex.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%