Ami Organics surges 20% after strong debut; up 84% in two days

The company had very recently issued shares at Rs 610 apiece after a strong response to its IPO.

Shares of Ami Organics were up 20 per cent at Rs 1,121 on the BSE in intra-day trade on Wednesday after the specialty chemicals company made a strong market debut on Tuesday. With today’s rally, the stock has now gained a solid 84 per cent against in just two trading sessions from its issue price of Rs 610 per share.

Ami Organics is focused towards manufacturing of advanced pharma intermediates (PI) for regulated/generic APIs and New Chemical Entities (NCE) and key starting material for agrochemical and fine chemicals. The company has three manufacturing facilities situated in Gujarat with an