 "RPG Life Sciences hits record high")
RPG Life Sciences has soared 10% to Rs 299, also its record high on the BSE, on reports that the company is charting out a plan to enter the skin care segment as a part of its strategy to move towards customer facing businesses.
The new business under the fast growing cosmetology segment is expected to be rolled out this December either through a joint venture or direct import from a global firm, the Economic Times report suggests.
Meanwhile, the BSE said that the exchange has sought clarification from RPG Life Sciences on November 27, 2015 with reference to news reported in Business Standard on November 20, 2015 - "RPG Life Plans Skincare Foray, May Roll Out Biz Next Month."
The reply is awaited.
The trading volumes on the counter more than doubled with a combined 631,733 shares changed hands on the BSE and NSE till 11:46 AM.
In past two weeks, the stock surged 58% from Rs 189 on November 13, as compared to less than 2% gain in the S&P BSE Sensex.
The new business under the fast growing cosmetology segment is expected to be rolled out this December either through a joint venture or direct import from a global firm, the Economic Times report suggests.
Meanwhile, the BSE said that the exchange has sought clarification from RPG Life Sciences on November 27, 2015 with reference to news reported in Business Standard on November 20, 2015 - "RPG Life Plans Skincare Foray, May Roll Out Biz Next Month."
The reply is awaited.
The trading volumes on the counter more than doubled with a combined 631,733 shares changed hands on the BSE and NSE till 11:46 AM.
In past two weeks, the stock surged 58% from Rs 189 on November 13, as compared to less than 2% gain in the S&P BSE Sensex.