JB Chemicals & Pharmaceuticals is currently trading at Rs. 587.45, up by 10.50 points or 1.82% from its previous closing of Rs. 576.95 on the BSE.
The scrip opened at Rs. 582.85 and has touched a high and low of Rs. 591.40 and Rs. 572.90 respectively. So far 4545 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 591.40 on 11-Feb-2020 and a 52 week low of Rs. 302.80 on 15-Feb-2019.
Last one week high and low of the scrip stood at Rs. 591.40 and Rs. 500.00 respectively. The current market cap of the company is Rs. 4555.78 crore.
The promoters holding in the company stood at 55.68%, while Institutions and Non-Institutions held 21.19% and 23.13% respectively.
JB Chemicals & Pharmaceuticals has received Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA) for the company's newly set up and commissioned solid oral dosage forms formulations manufacturing facility at Panoli in Gujarat. The said inspection was carried out from June 24 to June 28, 2019.
At the end of the inspection, ‘No Objectionable Observation’ were found and no Form 483 was issued.
This new facility known as (T20) has already been approved by the other regulatory authorities like EU, TGA-Australia, Saphra-South Africa. This is an another facility in addition to one already approved by USFDA. The new facility will augment the company's manufacturing capacity for regulated markets like USA, EU, Australia and South Africa.
JB Chemicals & Pharmaceuticals is engaged in manufacturing of pharmaceutical specialties in various dosage forms, herbal remedies, diagnostics, generic drugs, active pharmaceutical ingredients (APIs).
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