Orchid Chemicals is currently trading at Rs. 114.75, up by 0.30 points or 0.26% from its previous closing of Rs. 114.45 on the BSE.
The scrip opened at Rs. 113.10 and has touched a high and low of Rs. 116.10 and Rs. 110.60 respectively. So far 1, 56,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 205.00 on 21-Sep-2011 and a 52 week low of Rs. 100.55 on 16-Aug-2012.
Last one week high and low of the scrip stood at Rs. 119.30 and Rs. 110.00 respectively. The current market cap of the company is Rs. 808 crore.
The promoters holding in the company stood at 32.42% while Institutions and Non-Institutions held 16.91% and 46.09% respectively.
Chennai-based global pharma major, Orchid Chemicals & Pharmaceuticals (Orchid Pharma), which is engaged in drug discovery in therapeutic segments, is planning to enter into out-licensing arrangements with multinational pharma companies (MNCs), after the successful completion of trials.
The company is in the process of transitioning its new chemical entities through various stages of pre-clinical and human clinical studies. These segments include diabetes, inflammation, cancer, auto immune disorders, anti infectives and obesity
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