IPCA Laboratories trades higher on the bourses

14 Dec 2012 Evaluate

Ipca Laboratories is currently trading at Rs. 486.50, up by 13.45 points or 2.84% from its previous closing of Rs. 473.05 on the BSE.

The scrip opened at Rs. 470.45 and has touched a high and low of Rs. 489.90 and Rs. 470.25 respectively. So far 32380 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 495.00 on 01-Oct-2012 and a 52 week low of Rs. 245.00 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 494.55 and Rs. 443.00 respectively. The current market cap of the company is Rs. 6137.21 crore.

The promoters holding in the company stood at 45.91% while Institutions and Non-Institutions held 33.80% and 20.29% respectively.   

Yes Bank has subscribed to IPCA Laboratories’ 200, 9.25% Secured, Redeemable Non Convertible Debentures of the face value of Rs 10 lakhs each, amounting to Rs 20 crore. These debentures will be redeemed in four equal installments of Rs 5 crore each beginning at the end of the second year from the date of allotment which is December 12, 2012. Further, these Non Convertible Debentures are proposed to be listed on the wholesale debt segment of the National Stock Exchange of India.

IPCA Laboratories is engaged in manufacturing of active pharmaceutical ingredients and formulations. It operates in 110 countries and its export accounts for 50% of the company’s income. Worldwide the company is one of the largest suppliers of APIs and intermediates. The company holds leadership position in Anti-malarial and Rheumatoid Arthritis area.

Ipca Laboratories Share Price

1157.70 -91.95 (-7.36%)
31-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1462.50
Dr. Reddys Lab 5784.50
Cipla 1451.25
Zydus Lifesciences 1001.15
Lupin 1587.90
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