Bengaluru, July 28 -- shares of a research-centric company holding a global leadership position in enzymes & probiotics manufacturing surged nearly 7.3 percent on BSE, after its subsidiary's Board approved a collaboration with Raywatt Solar for setting up a solar power plant.

At 10:49 a.m., shares of Advanced Enzyme Technologies Limited were trading in the green at Rs. 345.15 on BSE, up by nearly 6 percent, as against its previous closing price of Rs. 326.35, with a market cap of Rs. 3,861 crores. The stock has delivered negative returns of more than 18 percent in the last one year, but has gained by about 7 percent in the last one month.

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According to recent regulatory filings, Advanced Enzyme Technologies Limited has i...