Nureca shares surge 17% to Rs 1,979 today; gain over 35% in two days

On back of spurt in volume by more than 5.48 times, the shares of Nureca Ltd rallied over 17 % to Rs 1,978.85 per share in the early Thursday's intraday trade on the BSE. Nureca Ltd gained over 35% in two days after the shares of this healthcare provider were locked in 20 per cent upper circuit to Rs 1,691.50 per share on Wednesday.    

After surging to the day's high of Rs 1,978.85, the shares were trading with 14.71% or Rs 248.90 gain to Rs 1,940.40 at 11.40 am on Thursday.    

The stocks of Nureca have surged over 200 per cent or Rs 1300 YTD (Year till date) on the NSE, while the shares have jumped over 250% against its issue price as on December 30. Nureca Ltd shares were listed with a 58.74 per cent premium over the IPO price of Rs 400 on the BSE. At 11.15 am, the shares of this healthcare segment stock were trading with over 15 per cent gain to Rs1945.95 apiece on the BSE.  

The shares also stood at number 2 position in Zee Business Stock award for the best debut after Mtar Technolgies, which clocked nearly 300% return since its listing.  

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The scrip has touched 52-week high value of Rs 2,316.60 per share on October 8, 2021 and slipped to year-low figure of Rs 559.25 per share on March 19 this year after opening at 58% premium the previous month. Nureca shares have made a strong debut on Dalal Street at Rs 634.95 per share against its issue price of Rs 400 on the BSE earlier in February this year.    

Incorporated in 2016, Nureca Ltd is part of S&P BSE Small Cap index and deals in healthcare and wellness products.    

Nureca claims to be the country’s first digital healthcare and wellness company to sell its products through its website and a network of online partners. It has tied up with India’s first omnichannel electronics retailer, Croma from Tata to sell its healthcare and wellness products through their stores across the country.