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Strides Shasun trades with traction on the bourses

Strides Pharma Science Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 532531 | NSE: STAR

13 Sep 2017 Evaluate

Strides Shasun is currently trading at Rs. 967.20, up by 19.25 points or 2.03% from its previous closing of Rs. 947.95 on the BSE.

The scrip opened at Rs. 952.00 and has touched a high and low of Rs. 972.35 and Rs. 946.00 respectively. So far 21304 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1259.00 on 03-Feb-2017 and a 52 week low of Rs. 848.50 on 24-May-2017.

Last one week high and low of the scrip stood at Rs. 990.40 and Rs. 913.00 respectively. The current market cap of the company is Rs. 8648.16 crore.

The promoters holding in the company stood at 31.12%, while institutions and non-institutions held 49.40% and 19.47% respectively.

Strides Shasun has received approval from the United States Food & Drug Administration (USFDA) for Potassium Citrate Extended-Release Tablets USP, 5 mEq, 10 mEq, and 15 mEq. According to IMS data, the US market for Potassium Citrate is approximately $110 million.

The company will be the second generic player to commercialize the product. The product, which is the first approval for an Extended Release tablet for the company, will be launched immediately.

Potassium Citrate, a urinary alkalinizing agent, is used for preventing certain types of kidney stones. It works by neutralizing some of the acid in the urine, which helps reduce the formation of crystals.

Strides Shasun (formerly known as Strides Arcolab) is engaged in manufacturing, sale and export of pharmaceutical products. It offers general tablets, hard gelatin and soft gelatin capsules, sachets, potent drugs and semi-solids.

Strides Pharma Scien Share Price

1070.90 69.10 (6.90%)

23-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Sun Pharma Inds.	1679.85
Dr. Reddys Lab	1333.05
Cipla	1305.85
Zydus Lifesciences	947.10
Lupin	2340.20
View more..

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Strides Shasun trades with traction on the bourses

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