Bafna Pharmaceuticals is currently trading at Rs. 38.00, up by 0.40 points or 1.06% from its previous closing of Rs. 37.60 on the BSE.
The scrip opened at Rs. 37.35 and has touched a high and low of Rs. 38.80 and Rs. 37.35 respectively. So far 3923 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 52.25 on 25-May-2012 and a 52 week low of Rs. 33.40 on 18-Mar-2013.
Last one week high and low of the scrip stood at Rs. 38.80 and Rs. 37.20 respectively. The current market cap of the company is Rs. 70.05 crore.
The promoters holding in the company stood at 37.37% while Non-Institutions held 62.63% stake in the company.
Bafna Pharmaceuticals, a Chennai-based Pharma company, has doubled the sales of Raricap over the previous year. The company had acquired legacy Brand Raricap two years ago. Raricap is the only brand available in the market with a unique iron salt Ferrous Calcium Citrate (FCC). Ferrous Calcium Citrate a complex salt benefits the patients by enhancing dietary iron absorption unlike other conventional salts.
Sales of Raricap during FY 2012-13 were Rs 16.15 crore against Rs 7.78 crore in FY 2011- 12. Moreover, the sales of Raricap in April 2013 were registered at Rs 2.18 crore. Within 2nd year of launch, Raricap has reached 22nd position as per AIOCD (Mar '13 MAT Value) in haematinic segment.
Bafna Pharmaceutical is a Chennai-based Pharma company engaged in the manufacturing of pharmaceutical formulations of Betalactum and Non-Betalactum. The company has 173 products registered in UK, Sri Lanka, Nepal, Ukraine, Ghana, Ethiopia, Philippines, Kryghistan, Georgia, Honduras, Colombia, Uzbekhistan, Vietnam and Nigeria.
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