Natco Pharma is currently trading at Rs. 2202.40, up by 145.55 points or 7.08% from its previous closing of Rs. 2056.85 on the BSE.
The scrip opened at Rs. 2080.00 and has touched a high and low of Rs. 2264.00 and Rs. 2080.00 respectively. So far 90155 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2264.00 on 13-Mar-2015 and a 52 week low of Rs. 655.55 on 01-Apr-2014.
Last one week high and low of the scrip stood at Rs. 2264.00 and Rs. 1535.75 respectively. The current market cap of the company is Rs. 7290.89 crore.
The promoters holding in the company stood at 53.74% while Institutions and Non-Institutions held 17.40% and 28.86% respectively.
Natco Pharma has received an approval for generic Sofosbuvir tablets, 400mg, from Drugs Controller General (India). Sofosbuvir is a medicine used for chronic hepatitis C infection and sold globally by Gilead Sciences, Inc., under its brand Sovaldi.
The pharma major will market generic Sofosbuvir under its brand HEPCINAT and through strategic partners in India. It plans to price its generic medicine at an MRP of Rs 19,900 for a bottle of 28 tablets and expects to launch in India very soon.
Natco had recently signed a non-exclusive licensing agreement with Gilead Sciences, to manufacture and sell generic versions of its chronic hepatitis C medicines in 91 developing countries.
Natco Pharma was promoted as a private company to be in the business of research, developing, manufacturing and marketing of pharmaceutical substances and finished dosage forms for Indian and International markets.
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