Alkem Laboratories surges on getting nod for commencing manufacturing unit in South Sikkim

31 May 2019

Alkem Laboratories is currently trading at Rs. 1788.75, up by 26.30 points or 1.49% from its previous closing of Rs. 1762.45 on the BSE.

The scrip opened at Rs. 1784.00 and has touched a high and low of Rs. 1815.50 and Rs. 1751.00 respectively. So far 2773 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2265.00 on 10-Sep-2018 and a 52 week low of Rs. 1674.00 on 17-May-2019.

Last one week high and low of the scrip stood at Rs. 1815.50 and Rs. 1700.00 respectively. The current market cap of the company is Rs. 21289.74 crore.

The promoters holding in the company stood at 66.02%, while Institutions and Non-Institutions held 7.79% and 26.20% respectively.

Alkem Laboratories has received approval from its board for commencement of manufacturing unit in South Sikkim from June 1, 2019. While, the company will close two units situated at Nani Daman in the state of Gujarat and another unit situated at East Sikkim respectively.

Alkem Laboratories is a leading Indian pharmaceutical company with global operations, engaged in the development, manufacture and sale of pharmaceutical and nutraceutical products. The company produces branded generics, generic drugs, active pharmaceutical Ingredients (APIs) and nutraceuticals, which it markets in India and International markets.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323