Jubilant Life surges nearly 9% on raising price of Niacinamide

Shares of Jubilant Life Sciences gained nearly 9 per cent today after the company announced a price increase of 10 per cent for Niacinamide, a form of Vitamin B3, with immediate effect.
The stock moved up by 8.54 per cent to Rs 182.85 at the BSE.
On the NSE, it gained 8.68 per cent to Rs 182.70.
Jubilant Life Sciences, manufactures of Vitamin B3 (Niacin & Niacinamide) yesterday announced a price increase of 10 per cent for Niacinamide, with immediate effect.
The company announced price increase of 10 per cent for Niacinamide, with immediate effect for non-contract customers and wherever existing contracts permit, a company statement said yesterday.

Jubilant Life announced the price hike after market hours yesterday.