MoneyWorks4Me

Alembic Pharmaceuticals moves up on getting nod to raise up to Rs 1,000 crore via QIP

28 Jul 2020 Evaluate
Alembic Pharmaceuticals is currently trading at Rs. 969.00, up by 5.00 points or 0.52% from its previous closing of Rs. 964.00 on the BSE.

The scrip opened at Rs. 967.00 and has touched a high and low of Rs. 981.50 and Rs. 967.00 respectively. So far 4697 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1044.25 on 22-Jul-2020 and a 52 week low of Rs. 436.10 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1044.25 and Rs. 919.75 respectively. The current market cap of the company is Rs. 18296.41 crore.

The promoters holding in the company stood at 72.97%, while Institutions and Non-Institutions held 14.40% and 12.63% respectively.

Alembic Pharmaceuticals has received an approval to raise up to Rs 1,000 crore through a qualified institutions placement (QIP). The board, at its meeting, has accorded its approval to raise up to Rs 1,000 crore through a QIP issue of equity shares.

Alembic Pharmaceuticals, a vertically integrated research and development pharmaceutical company, has been at the forefront of Healthcare since 1907.

Peers
Company Name CMP
Sun Pharma. Inds. 1835.50
Dr. Reddys Labs. 1171.10
Cipla 1371.45
Lupin 2144.70
Zydus Lifesciences 1153.00
View more..