Hester Biosciences is currently trading at Rs. 420.25, up by 17.55 points or 4.36% from its previous closing of Rs. 402.70 on the BSE.
The scrip opened at Rs. 420.00 and has touched a high and low of Rs. 423.25 and Rs. 405.00 respectively. So far 1977 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 471.70 on 11-Sep-2014 and a 52 week low of Rs. 78.10 on 05-Feb-2014.
Last one week high and low of the scrip stood at Rs. 423.25 and Rs. 363.00 respectively. The current market cap of the company is Rs. 342.57 crore.
The promoters holding in the company stood at 53.81% while Institutions and Non-Institutions held 0.14% and 46.05% respectively.
Hester Biosciences has acquired 100% share holding of Gujarat Agrofarm for Rs 52.50 lakh. Gujarat Agrofarm, a company located in Gujarat, is involved in the manufacturing of growth media.
This backward integration by Hester aims at securing for itself a source of growth media used in the production of vaccines. The acquisition would enable Hester in saving over Rs 1.50 crore annually towards growth media procurement costs.
Hester Biosciences is a 100% biotech company producing animal biological. Hester has a state-of-the-art facility to produce live and killed (Inactivated) veterinary vaccines.
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