SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Ajanta Pharma rises on launching Memantine Hydrochloride Tablets in US market

14 Jun 2016 Evaluate

Ajanta Pharma is currently trading at Rs. 1587.35, up by 26.10 points or 1.67% from its previous closing of Rs. 1561.25 on the BSE.

The scrip opened at Rs. 1568.25 and has touched a high and low of Rs. 1593.00 and Rs. 1560.00 respectively. So far 8,370 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1720.00 on 12-Aug-2015 and a 52 week low of Rs. 1103.00 on 18-Jan-2016.

Last one week high and low of the scrip stood at Rs. 1593.00 and Rs. 1541.75 respectively. The current market cap of the company is Rs. 13,984.00 crore.

The promoters holding in the company stood at 73.78%, while Institutions and Non-Institutions held 11.67% and 14.55% respectively.

Ajanta Pharma has launched Memantine Hydrochloride Tablets in the US market through its wholly owned subsidiary Ajanta Pharma USA Inc. Memantine Hydrochloride is an anti-dementia drug and is a bioequivalent generic version of Namenda. The company has launched it in 2 strengths 5mg & 10mg tablets to address different levels of treatment.

Memantine Hydrochloride Tablets is part of an ever-growing portfolio of products that Ajanta has developed for the US market. Till date, the United States Food & Drug Administration (USFDA) has granted 10 final approvals and 2 tentative approvals to Ajanta Pharma for its Abbreviated New Drug Application (ANDA). Additional 14 ANDAs are pending approval from the USFDA.

Ajanta Pharma is a specialty pharmaceutical formulation company with global headquarters in Mumbai, India. Over 6,000 employees are engaged in developing, manufacturing and marketing of quality finished dosages across 30+ countries.


Ajanta Pharma Share Price

2790.15 -37.95 (-1.34%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1675.20
Dr. Reddys Lab 1235.40
Cipla 1238.30
Zydus Lifesciences 942.55
Lupin 2324.25
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×