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Shilpa Medicare shines on getting nod to establish WOS in Canada, Spain

06 May 2020 Evaluate

Shilpa Medicare is currently trading at Rs. 390.00, up by 13.00 points or 3.45% from its previous closing of Rs. 377.00 on the BSE.

The scrip opened at Rs. 394.80 and has touched a high and low of Rs. 394.90 and Rs. 389.30 respectively.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 538.75 on 26-Feb-2020 and a 52 week low of Rs. 190.80 on 04-Sep-2019.

Last one week high and low of the scrip stood at Rs. 394.90 and Rs. 346.20 respectively. The current market cap of the company is Rs. 3073.56 crore.

The promoters holding in the company stood at 53.80%, while Institutions and Non-Institutions held 26.89% and 19.31% respectively.

Shilpa Medicare has received an approval to establish Whole Owned Subsidiary (WOS) each in Canada (North America) and Spain (Europe) for the business operations of the company. The Board of Directors of the company at its meeting held on May 5, 2020, has approved the same.

Shilpa Medicare produces and exports consistently high-quality Active Pharmaceutical Ingredients Fine Chemicals, intermediates, herbal products and speciality chemical products using sophisticated technology, meticulously following international specifications.

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