Amrutanjan shares up 15% on revamp buzz, fund infusion; m-cap nears Rs 8 bn

The 125-year-old Amrutanjan produces ayurvedic, natural and herbal OTC healthcare products

Chennai-based Amrutanjan Health Care had seen its stocks surge to unprecedented levels on Friday after there was a buzz in the market that the company may be scouting for equity infusion in the near term and revamping strategy to support its beverages business. 

The shares of Amrutanjan went up 16.44 per cent to Rs 296.75 on Friday noon and closed at Rs 292.6, a rise of 14.81 per cent compared to the figures on the previous day.

The BSE ‘B’ Group stock saw nearly 83,127 shares trade on the counter on Friday itself against the average daily volume of 2,062 shares during