Tyche Industries shines on getting US FDA approval for its manufacturing facility in Andhra Pradesh

Tyche Industries is currently trading at Rs. 49.10, up by 8.15 points or 19.90 % from its previous closing of Rs. 40.95 on the BSE.

The scrip opened at Rs. 49.10 and has touched a high and low of Rs. 49.10 and Rs. 49.10 respectively. So far 36921 shares were traded on the counter.

The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 72.25 on 03-Nov-2015 and a 52 week low of Rs. 20.30 on 27-May-2015.

Last one week high and low of the scrip stood at Rs. 49.10 and Rs. 39.20 respectively. The current market cap of the company is Rs. 50.33 crore.

The promoters holding in the company stood at 62.20% while Non-Institutions held 37.80%.

Tyche Industries has received US Food and Drug Administration (US FDA) approval for its active pharmaceutical ingredients (API) manufacturing facility located in Kakinada, Andhra Pradesh.

The company manufactures and exports APIs, intermediates and nutraceuticals. The company posted a profit of Rs 23 lakh on a topline of Rs 14.16 crore for the quarter ended December 2015.