Ipca Laboratories is currently trading at Rs. 642.40, down by 26.45 points or 3.95% from its previous closing of Rs. 668.85 on the BSE.
The scrip opened at Rs. 664.50 and has touched a high and low of Rs. 667.50 and Rs. 560.00 respectively. So far 236146 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 888.00 on 19-Aug-2015 and a 52 week low of Rs. 560.00 on 01-Feb-2016.
Last one week high and low of the scrip stood at Rs. 670.25 and Rs. 560.00 respectively. The current market cap of the company is Rs. 8098.20 crore.
The promoters holding in the company stood at 45.89 % while Institutions and Non-Institutions held 35.94 % and 18.17 % respectively.
Ipca Laboratories has received warning letter from US Food and Drug Administration (FDA) for its manufacturing units in Ratlam (Madhva Pradesh), SEZ Indore (Pithampur) and Piparia (Silvassa) manufacturing units.
The company has already voluntarily suspended shipments of its APIs and formulations for the US market till US FDA inspection observations are resolved. Therefore, since July 2014 the company has not shipped any APls or formulations to US market except the products which are exempted from import alert.
The company has responded to the US FDA inspection observations with its remediation measures and has been since working also with external consultants to ensure that its remedial activities are undertaken in a proper and timely manner.
Since the inspection, the company has regularly communicated with US FDA with periodic updates on remedial measures undertaken. The company is fully committed in resolving this issue at the earliest. The company is also committed to its philosophy of highest quality in manufacturing, operations, systems integrity and cGMP culture.
Ipca Laboratories is engaged in manufacturing of active pharmaceutical ingredients and formulations. It operates in 110 countries and its export accounts for 50% of the company’s income. Worldwide the company is one of the largest suppliers of APIs and intermediates. The company holds leadership position in Anti-malarial and Rheumatoid Arthritis area.
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|---|---|
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| Cipla | 1238.30 |
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| Lupin | 2324.25 |
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