Wednesday 13 April 2016

Shilpa Medicare climbs 11%

The company received GMP compliance certificate for two API sites (Unit-1: Deosugur Industrial Area, Deosugur-584170, Raichur, Karnataka, India; Unit-2: Plot nos. 33, 33A, 40 to 47, Raichur Industrial growth Centre, Wadloor Road, Chicksugur-584134, Raichur, Karnataka, India) from PMDA-Japan. 

Shilpa Medicare
Shilpa Medicare Ltd was higher by 11% at Rs. 485. The company received GMP compliance certificate for two API sites (Unit-1: Deosugur Industrial Area, Deosugur-584170, Raichur, Karnataka, India; Unit-2: Plot nos. 33, 33A, 40 to 47, Raichur Industrial growth Centre, Wadloor Road, Chicksugur-584134, Raichur, Karnataka, India) from PMDA-Japan.

The scrip opened at Rs. 480 and has touched a high and low of Rs. 503.65 and Rs. 475 respectively. So far 232626(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3373.21 crore.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 623.35 on 05-Aug-2015 and a 52 week low of Rs. 355 on 20-Jan-2016. Last one week high and low of the scrip stood at Rs. 445 and Rs. 425.55 respectively.

The promoters holding in the company stood at 53.05 % while Institutions and Non-Institutions held 23.36 % and 23.59 % respectively.

The stock is currently trading above its 200 DMA.

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