Unichem Laboratories is currently trading at Rs. 307.95, up by 5.05 points or 1.67% from its previous closing of Rs. 302.90 on the BSE.
The scrip opened at Rs. 299.00 and has touched a high and low of Rs. 311.10 and Rs. 298.00 respectively. So far 87413 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 334.00 on 06-Oct-2015 and a 52 week low of Rs. 174.00 on 08-Jun-2015.
Last one week high and low of the scrip stood at Rs. 320.90 and Rs. 298.55 respectively. The current market cap of the company is Rs. 2794.66 crore.
The promoters holding in the company stood at 50.11% while Institutions and Non-Institutions held 18.36% and 31.53% respectively.
Unichem Laboratories has received Abbreviated New Drug Application (ANDA) approval from the United States Food and Drug Administration (US FDA) for Losartan Potassium Tablets USP.
Losartan Potassium Tablets USP 25mg, 50mg and 100mg are therapeutically equivalent to Cozaar Tablets 25mg, 50mg and 100mg of Merck Sharp & Dohme Corp. Losartan potassium is an angiotensin II receptor antagonist, indicated for Hypertension (as alone or in combination with other antihypertensive drugs), Hypertensive Patients with Left Ventricular Hypertrophy (to reduce the risk of stroke) and Nephropathy in Type 2 Diabetic Patients with Hypertension.
The product will be commercialized from Unichem's Ghaziabad plant. Active Pharmaceutical Ingredient will also be made in house at Pithampur API Plant.
Unichem Laboratories is an international, integrated, specialty pharmaceutical company. It manufactures and markets a large basket of pharmaceutical formulations as branded generics as well as generics in India and several other markets across the world.
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