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Shilpa Medicare declines as its Analytical Services Division gets 2 minor observations from USFDA

13 Mar 2023 Evaluate

Shilpa Medicare is currently trading at Rs. 255.95, down by 12.90 points or 4.80% from its previous closing of Rs. 268.85 on the BSE.

The scrip opened at Rs. 264.15 and has touched a high and low of Rs. 271.05 and Rs. 255.00 respectively. So far 85383 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 503.05 on 13-Apr-2022 and a 52 week low of Rs. 231.10 on 15-Feb-2023.

Last one week high and low of the scrip stood at Rs. 286.00 and Rs. 249.40 respectively. The current market cap of the company is Rs. 2229.07 crore.

The promoters holding in the company stood at 50.01%, while Institutions and Non-Institutions held 15.94% and 34.04% respectively.

The USFDA has inspected Shilpa Medicare’s Analytical Services Division situated at Unit 7, Nacharam, Hyderabad, Telangana during March 08, 2023 to March 10, 2023. This is a full GMP inspection. The inspection is closed with 2 minor observations, which are related to improvements in existing procedures and are addressable.

The Company will be submitting the responses to USFDA observations within stipulated timeline and will work towards implementing the corrective actions to address the observations. This is the second USFDA inspection on the site. The initial inspection was done during April 2022, for which the GMP clearance (EIR) was issued in July 2022.

The facility is involved in analytical testing of drug products, drug substances, raw materials & packing materials. It is also engaged in analytical method validations, method transfers and conduct of other miscellaneous studies. This facility is involved in the testing of US/EU & other markets commercial batches.

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.

Shilpa Medicare Share Price

411.55 0.30 (0.07%)
17-Apr-2026 16:59 View Price Chart
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