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Shasun Pharmaceuticals rises on resuming operations at Cuddalore plant

06 Jan 2012 Evaluate

Shasun Pharmaceuticals is currently trading at Rs. 46.40, up by 0.45 points or 0.98% from its previous closing of Rs. 45.95 on the BSE.

The scrip opened at Rs. 46.45 and has touched a high and low of Rs. 46.90 and Rs. 46.00 respectively. So far 4,173 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 88.35 on 24-May-2011 and a 52 week low of Rs. 38.10 on 16-Dec-2011.

Last one week high and low of the scrip stood at Rs. 49.35 and Rs. 45.10 respectively. The current market cap of the company is Rs. 225.00 crore.

The promoters holding in the company stood at 46.68% while Institutions and Non-Institutions held 18.25% and 35.07% respectively.

Shasun Pharmaceuticals has resumed the operations at Cuddalore plant on January 05, 2012. The operation has been disrupted due to severe cyclonic storm ‘Thane’ on December 30, 2011.

Shasun Pharmaceuticals manufactures active pharmaceutical ingredients (APIs), their intermediates and enteric coating excipients with a significant presence in some key generics. Shasun has created a strong product portfolio, building on its R & D Expertise, regulatory capabilities and multi scale production capacities. It is one of the largest producers of Ibuprofen worldwide.

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