Nureca jumps on entering into distribution agreement to make products available on commerce platform
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Nureca is currently trading at Rs. 358.25, up by 24.00 points or 7.18% from its previous closing of Rs. 334.25 on the BSE.
The scrip opened at Rs. 335.35 and has touched a high and low of Rs. 375.25 and Rs. 334.80 respectively. So far 35573 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 468.25 on 26-Dec-2023 and a 52 week low of Rs. 240.90 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 375.25 and Rs. 323.05 respectively. The current market cap of the company is Rs. 360.46 crore.
The promoters holding in the company stood at 63.24%, while Institutions and Non-Institutions held 0.07% and 36.69% respectively.
Nureca has entered into a distribution agreement, making its products available on a leading quick commerce platform in India. Due to additional orders received from the distributors, it is now anticipated that sales may exceed the materiality threshold in the current quarter itself.
Nureca is a B2C company engaged in the business of home healthcare and wellness products, which offers quality, durability, functionality, usability and innovative designs.
