Hikal is currently trading at Rs. 409.95, up by 13.20 points or 3.33% from its previous closing of Rs. 396.75 on the BSE.
The scrip opened at Rs. 409.95 and has touched a high and low of Rs. 420.00 and Rs. 405.50 respectively. So far 3,909 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 517.85 on 31-Dec-2012 and a 52 week low of Rs. 263.25 on 05-Jun-2012.
The current market cap of the company is Rs. 673.00 crore.
The promoters holding in the company stood at 68.82%, while Institutions and Non-Institutions held 6.16% and 25.01% respectively.
Hikal’s second manufacturing facility located at Panoli, Bharuch district in the state of Gujarat, which manufactures pharmaceutical ingredients, intermediates and regulated starting materials has successfully completed a USFDA audit and received the approval. The company has already received USFDA approval for its pharmaceutical intermediates and active pharma ingredients (API's) manufacturing site located in Jigani, Bengaluru in Karnataka state.
This additional site approval will further add to capacities, which is beneficial to its customers. It will mitigate the risk of supply by having two sites certified by the USFDA. The additional site certification is a true testimony to the high standards of quality, regulatory compliance and operating standards at Hikal.
Both the sites have multipurpose facilities and capabilities which support the company’s global customers. The pharmaceutical division is supported by 2 R&D centres based in Bangalore and Pune, India where they provide early stage research services, new product development all the way to successful commercialization. The API manufacturing site at Bangalore has been inspected 3 times by the USFDA.
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