This Small Cap Bajaj Entity gains over 6%: Here's Why

Indices after five days of consecutive losses are seeing some respite, with Nifty trading higher by 57 points at 17,150. Likewise on stock specific action, this small cap stock from the Bajaj Group-Bajaj Healthcare has spurted by as much as 6% to day's high price of Rs. 397.65 per share.

This Small Cap Bajaj Entity gains over 6%: Here's Why

This is after the company in an exchange filing today has provided a business update on the launch of Magnesium L-Threonate in Nutraceutical segment.

Magnesium L- Threonate is a nutritional supplement used to normalize magnesium level in the body, helps to improve memory, muscle and nerve function and also aids in brain development by reversing the brain aging. It is used to control, prevent and normalize the symptoms associated with Alzheimer's disease, Attention disorder, Bipolar disorder, Parkinson's disease etc

Bajaj Healthcare Limited, a leading manufacturer of APIs, Intermediates and Formulations.

Last the stock at around 1:40 pm traded higher by 3.72% at Rs. 387.8 pr share.
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