Ajanta Pharma is currently trading at Rs. 1630.80, up by 79.25 points or 5.11% from its previous closing of Rs. 1551.55 on the BSE.
The scrip opened at Rs. 1555.05 and has touched a high and low of Rs. 1648.00 and Rs. 1548.30 respectively. So far 46158 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1690.00 on 20-Jul-2015 and a 52 week low of Rs. 580.00 on 13-Aug-2014.
Last one week high and low of the scrip stood at Rs. 1648.00 and Rs. 1532.00 respectively. The current market cap of the company is Rs. 14314.28 crore.
The promoters holding in the company stood at 73.78% while Institutions and Non-Institutions held 9.96% and 16.25% respectively.
Ajanta Pharma, a specialty focused pharmaceutical formulation company, has received final approval for its 3 ANDAs (Abbreviated New drug Application) by US FDA (United States Food and Drug Administration) such as Montelukast Tablets, 10mg, Montelukast sodium chewable tablets, 4mg & 5mg and Montelukast oral granules.
Montelukast sodium tablets, 10mg, the generic version of singular tablets by Merck, is indicated for treatment of prophylaxis and chronic treatment of asthma and to relive symptoms of seasonal and perennial rhinitis in patients 2 years of age and older. Montelukast 4mg chewable tablets ate suitable for 2 to 5years old patients while Montelukast 5mg chewable tablets are available for patients from 6 to 14 years of age. Montelukast oral granules are specially appropriate for patients of 12 months age and older.
For the 12 months ending June 2015, Montelukast tablets, Chewable tablets and Granules had sales of approximately $237 million, $31 million respectively. The company intends to launch these products shortly. The approval of the Montelukast product family is part of an ever growing portfolio that company has developed for the US market. Including these 3 ANDA approvals, company now has 5 approved ANDAs and another 20 ANDAs under approval with FDA.
Ajanta Pharma is engaged in manufacturing pharmaceutical products. The company runs three divisions -- prescription drugs, OTC and institutional sales.
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