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Nutraplus India shines on commencing commercial production at its Tarapur plant

Nutraplus India Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 524764 | NSE:

18 Jan 2016 Evaluate

Nutraplus India is currently trading at Rs. 414.00, up by 21.90 points or 5.59 % from its previous closing of Rs. 392.10 on the BSE.

The scrip opened at Rs. 394.00 and has touched a high and low of Rs. 414.00 and Rs. 390.50 respectively. So far 66628 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 404.60 on 13-Jan-2016 and a 52 week low of Rs. 80.65 on 19-Jan-2015.

Last one week high and low of the scrip stood at Rs. 404.60 and Rs. 370.00 respectively. The current market cap of the company is Rs. 503.60 crore.

The promoters holding in the company stood at 39.37 % while Institutions and Non-Institutions held 0.03 % and 60.60 % respectively.

Nutraplus India has commenced commercial production in its new plant at Tarapur for anti-malarial drug LUMEFANTRINE. Previously company was engaged in the manufacturing of Intermediate of the same drug (i.e. n-2 stage) at its existing factory and was selling to the various pharma companies.

Now company is manufacturing the final end product (i.e. LUMEFANTRINE) on full fledge basis at company's new production facilities. The company has obtained necessary approvals and has commenced the commercial production of LUMEFANTRINE. This is a forward integration and shall result in better margin. The company expects to achieving full production capacities in next 3 month in its plant.

Nutraplus India was incorporated as a private limited company in February 1990. The company’s manufacturing unit was commissioned to make APIs and intermediates.

Nutraplus India Share Price

2.10 0.00 (0.00%)

13-Dec-2021 18:01 View Price Chart

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Nutraplus India shines on commencing commercial production at its Tarapur plant

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