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 The leading web portal for pharmacy resources, news, education and careers July 22, 2017
Pharmacy Choice - Pharmaceutical News - Alembic Pharma opens anti-cancer drug facility in Gujarat [Sudan Tribune] - July 22, 2017

Pharmacy News Article

 7/17/17 - Alembic Pharma opens anti-cancer drug facility in Gujarat [Sudan Tribune]

Pharma player, Alembic Pharma on Friday has entered into the oncology segment by inaugurating anti-cancer manufacturing facility at Panelav, Halol, Gujarat.

The manufacturing facility is designed with containment control automated standards and major equipment imported from Europe. With this facility, Alembic Pharma will commence exporting oncology products to US, Middle East, North Africa, Australia and South Africa.

Alembic Pharmaceuticals Limited is a pharmaceutical company. The Company is engaged developing formulations and active pharmaceutical ingredients (API). The Company focuses on anti-infective, analgesic and, cough and cold therapies.

Stock view:

Alembic Pharmaceuticals Ltd ended at Rs 538, down by Rs 0.45 or 0.08% from its previous closing of Rs 538.45 on the BSE.

The scrip opened at Rs 531 and touched a high and low of Rs 544.65 and Rs 531 respectively. A total of 39968(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 10167.69 crore.

The BSE group `A` stock of face value Rs 2 touched a 52 week high of Rs 709.3 on 23-Mar-2017 and a 52 week low of Rs 492.25 on 27-Jun-2017. Last one week high and low of the scrip stood at Rs 545 and Rs 510 respectively.

The promoters holding in the company stood at 72.68 % while Institutions and Non-Institutions held 14 % and 13.32 % respectively.

The stock traded below its 200 DMA.



(c) 2003-2017 SudanTribune - All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

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