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Celestial Biolabs trades jubilantly on plan to launch patented anti-diabetic product

Celestial Biolabs Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 532871 | NSE: CELESTIAL

13 Jan 2015 Evaluate

Celestial Biolabs is currently trading at Rs. 50.35, up by 2.95 points or 6.22% from its previous closing of Rs. 47.40 on the BSE.

The scrip opened at Rs. 48.35 and has touched a high and low of Rs. 50.90 and Rs. 48.15 respectively. So far 235165 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 50.90 on 13-Jan-2015 and a 52 week low of Rs. 15.50 on 20-Jan-2014.

Last one week high and low of the scrip stood at Rs. 50.90 and Rs. 42.20 respectively. The current market cap of the company is Rs. 84.34 crore.

The promoters holding in the company stood at 36.12% while Non-Institutions held 63.88% stake in the company.

Celestial Biolabs, a Hyderabad based Bio-pharmaceutical Company, is set to launch its latest anti-diabetic product which is expected to be a breakthrough in research and in the management of Diabetes.

Through in-house research on the anti-diabetic activities of macro algal bio-active compounds in ‘streptozotocin’ induced diabetic models has shown to be safe from acute and chronic toxicity on experimental subjects. The company is in the process of launching this natural sea based 100% vegetarian product tentatively by April 2015.

Incidentally, the GMP & ISO 9001-2008 certified, public listed company’s Research and Developmental activities have been recognized by the Department of Science and Industrial Research (DSIR), Ministry of Science and Technology, Government of India, New Delhi.

Celestial Biolabs is currently engaged in the business of manufacturing and sale of bio-pharmaceutical products.

Celestial Biolabs Share Price

2.43 0.00 (0.00%)

11-Mar-2020 18:01 View Price Chart

Peers

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Sun Pharma Inds.	1675.20
Dr. Reddys Lab	1235.40
Cipla	1238.30
Zydus Lifesciences	942.55
Lupin	2324.25
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Celestial Biolabs trades jubilantly on plan to launch patented anti-diabetic product

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