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Strides Pharma surges on getting USFDA’s nod for greenfield oral dosage facility in Singapore

27 Mar 2019 Evaluate

Strides Pharma Science is currently trading at Rs. 457.30, up by 12.20 points or 2.74% from its previous closing of Rs. 445.10 on the BSE.

The scrip opened at Rs. 452.00 and has touched a high and low of Rs. 468.00 and Rs. 449.15 respectively. So far 213452 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 737.02 on 04-Apr-2018 and a 52 week low of Rs. 334.10 on 08-Jun-2018.

Last one week high and low of the scrip stood at Rs. 468.00 and Rs. 434.70 respectively. The current market cap of the company is Rs. 4102.71 crore.

The promoters holding in the company stood at 30.79%, while Institutions and Non-Institutions held 47.61% and 21.60% respectively.

Strides Pharma Science (Strides) has received the United States Food & Drug Administration (USFDA) approval for its greenfield oral dosage facility in Singapore. With the commercialization of its manufacturing facility in Singapore, Strides will join the  league  of  global  pharmaceutical  companies  having a Manufacturing  and  Research  and  Development footprint in Singapore. 

The  facility  will  complement  Strides’  existing  manufacturing  base  and  will  help  meet  increased demand from its fast?growing regulated markets business across US, Australia,  UK and Europe. The facility operating at its peak capacity will produce around 1.4 billion tablets and hard gelatin capsules.  

Strides Pharma Science (Formerly Strides Shasun) is a pharmaceutical company with a major focus on development and manufacture of IP-led niche finished dosage formulations. It is also among the world’s largest manufacturers of soft gelatin capsules.

Strides Pharma Scien Share Price

1116.05 -10.85 (-0.96%)
06-Jul-2026 13:24 View Price Chart
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