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Sequent Scientific shines as FIIs acquire over 1.2 million shares in company

04 Jun 2014 Evaluate

Sequent Scientific is currently trading at Rs 304.90, up by 27.70 points or 9.99% from its previous closing of Rs. 277.20 on the BSE.

The scrip opened at Rs 285.20 and has touched a high and low of Rs 304.90 and Rs 285.20 respectively. So far 99170 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 277.55 on 30-May-2014 and a 52 week low of Rs 81.30 on 31-Jul-2013.

Last one week high and low of the scrip stood at Rs 277.55 and Rs 230.00 respectively. The current market cap of the company is Rs 833.45 crore.

The promoters holding in the company stood at 65.35% while Institutions and Non-Institutions held 0.15% and 34.50% respectively.

Several foreign institutional investors acquired over 1.2 million shares in the pharmaceutical and speciality chemicals firm -- Sequent Scientific.

Route One Fund 1 LP has acquired 400,000 shares, Morgan Stanley Asia (Singapore) PTE acquired 408,743 shares and Merrill Lynch Capital Markets Espana SA SV acquired 400,000 shares in the company. The shares were acquired at Rs 250 each.

Meanwhile, Primera Partners PTE has sold 1.29 million shares of Sequent Scientific.

Sequent Scientific is an integrated pharmaceutical company with a global footprint headquartered in Bangalore, India which has presence in different pharmaceutical verticals including APIs, Animal Health, Analytical Services, CRAMS and specialty chemicals. Sequent is the world's largest producer of Anthelmintics and by far the strongest player in the Veterinary API business.

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