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Bharat Rasayan soars on buyback plan

Capital Market 

Bharat Rasayan spurted 7.49% to Rs 10,142.05 after the company said that its board will consider share buyback on Tuesday, 12 January 2021.

Bharat Rasayan's consolidated net profit dropped 35.4% to Rs 35.27 crore on a 12.9% decline in net sales to Rs 318.46 crore in Q2 September 2020 over Q2 September 2019.

Bharat Rasayan serves a wide range of industries including but not limited to pharmaceuticals, bulk drugs, R&D, petrochemicals, flavors & fragrances and specialty chemicals.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Fri, January 08 2021. 09:49 IST