Nureca shares jumped more than 6% in morning trade after the company entered into a distribution agreement, making its products available on a leading quick commerce platform in India.
In the exchange filing, the company shared, “The orders received do not meet the materiality threshold as defined under Regulation 30 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015. However, we are pleased to inform due to additional orders received from the distributors, it is now anticipated that sales may exceed the materiality threshold in the current quarter itself.”
As of 11:07 am, Nureca shares were trading 6.37% higher at Rs 355.90 on the NSE.
