Shares in Tyche Industries jumped 20 per cent, after the company said that it has received approval from the United Stated Food and Drug Administration for its Active Pharmaceuticals Ingredients (API) plant at Kakinada plant in Andhra Pradesh.
The stock was locked at the upper end of the circuity filter at Rs 41.90 on the BSE. This was a near 20 per cent jump over the previous closing.
Tyche Industries is a leading manufacturer of API's & Advanced Intermediates of API's, headquartered in Hyderabad, the Pharmaceutical and Biotech hub of India.
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