Indoco Remedies surges on launching Favipiravir 400 mg tablets in India

Indoco Remedies Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 532612 | NSE: INDOCO

28 Sep 2020 Evaluate

Indoco Remedies is currently trading at Rs 273.45, up by 12.35 points or 4.73% from its previous closing of Rs. 261.10 on the BSE.

The scrip opened at Rs. 282.00 and has touched a high and low of Rs. 284.10 and Rs. 272.25 respectively. So far 6276 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 295.00 on 17-Sep-2020 and a 52 week low of Rs. 133.10 on 11-Oct-2019.

Last one week high and low of the scrip stood at Rs. 284.10 and Rs. 238.70 respectively. The current market cap of the company is Rs. 2406.05 crore.

The promoters holding in the company stood at 58.69%, while Institutions and Non-Institutions held 16.54% and 24.77% respectively.

Indoco Remedies has launched FEVINDO (Favipiravir) 400 mg Tablets in India. Fevindo ? 400 (Favipiravir) is an antiviral drug, effective against the RNA?based influenza virus. The drug has been approved by DCGI in the treatment of Covid?19. Fevindo 400 reduces pill burden by 50% and ensures convenient dosing and better patient compliance.

Fevindo ? 400 (Favipiravir) will be made available at all government approved COVID care centres and selected medical practitioners across the country. In addition to Fevindo, Indoco has two more new products for launch in Covid Care range, i.e., Povidone Iodine Gargle and Immunity booster chewable tablets with Zinc, Vitamin C and Vitamin D. The company has always been committed to provide quality medicines at affordable prices and with the launch of these products, the Company is all set to venture into the treatment of Covid? 19.

Indoco Remedies is engaged in the manufacturing and marketing of formulations (finished dosage forms) and active pharmaceutical ingredients (APIs) in India.

Indoco Remedies Share Price

209.90 0.70 (0.33%)

30-Apr-2026 16:59 View Price Chart

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