New Delhi, Sept. 25 -- Indegene share price jumped almost 5% in intraday trade on the BSE on Friday, 25 September, after Axis Direct initiated coverage on the stock with a "buy" recommendation, implying an 18% upside potential.

Indegene share price opened at Rs.595.05 against its previous close of Rs.593.45 and rose 4.8% to its 52-week high of Rs.621.90.

The stock has seen healthy gains in the recent past despite weak stock market sentiment.

Year-to-date, the stock is up 17%, while on a shorter timeframe of six months, it has jumped 32%.

Despite the stock's healthy rise in the recent past, Axis Direct (Axis Securities) believes it has more steam left.

Axis Securities has fixed a target price of Rs.705 for Indegene shares.

Indegene, ...