Sigachi Industries share price: Pharma stock jumps 37% in two days. Is India-US trade deal buzz behind this rally?
Small-cap pharma stock Sigachi Industries surged over 14 per cent in intra-day deals on Friday, September 12, extending gains after an almost 20 per cent rise in the previous session. Just in the two sessions, the stock has rallied 37 per cent.
The surge comes following positive developments around the India-US trade deal and ahead of its dividend record date.
“Sigachi Industries is a pharma stock with exposure in US exports. This rally in the small-cap stock can be attributed to the recent positive statements delivered by the Indian and the US administration regarding developments in the India-US trade deal. However, the rally is entirely speculative as nothing concrete has come out from the recent meeting of the recent meetings,” said…
