Aurobindo Pharma is currently trading at Rs. 460.35, up by 22.10 points or 5.04% from its previous closing of Rs. 438.25 on the BSE.
The scrip opened at Rs. 456.00 and has touched a high and low of Rs. 475.90 and Rs. 446.00 respectively. So far 363745 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 838.00 on 30-Apr-2019 and a 52 week low of Rs. 281.15 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 476.00 and Rs. 333.35 respectively. The current market cap of the company is Rs. 27331.11 crore.
The promoters holding in the company stood at 51.87%, while Institutions and Non-Institutions held 34.60% and 13.53% respectively.
Aurobindo Pharma has received the final approval from the US Food & Drug Administration (USFDA) to manufacture and market Fluoxetine Tablets, 10 mg and 20 mg. Fluoxetine tablets are generic version of Eli Lilly’s Prozac tablets. The product will be launched in April 2020.
The approved product has an estimated market size of $42 million for the twelve months ending February 2020. This is the 1st ANDA to be approved out of APL Healthcare formulation facility in Hyderabad, India, used for manufacturing oral products. The company now has a total of 424 ANDA approvals (396 Final approvals including 22 from Aurolife Pharma LLC and 28 tentative approvals) from USFDA.
Aurobindo Pharma is engaged in manufacturing pharmaceutical products. It offers active pharmaceutical ingredients, intermediates and generic formulations like astemizole, domeperidone and omeprazole; anti-infective, oral and sterile antibiotics, pain management and osteoporosis segments.
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