Granules India is currently trading at Rs. 148.50, up by 3.15 points or 2.17% from its previous closing of Rs. 145.35 on the BSE.
The scrip opened at Rs. 147.00 and has touched a high and low of Rs. 151.15 and Rs. 145.10 respectively. So far 1,80,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 164.45 on 01-Dec-2015 and a 52 week low of Rs. 90.60 on 15-Jul-2015.
Last one week high and low of the scrip stood at Rs. 151.15 and Rs. 141.20 respectively. The current market cap of the company is Rs. 3,226.67 crore.
The promoters holding in the company stood at 51.08%, while Institutions and Non-Institutions held 8.11% and 40.81% respectively.
Granules India’s wholly owned subsidiary - Granules Pharmaceuticals, Inc., (GPI) has entered into an agreement with USpharma, based in the USA, to acquire 12.5% of its stake. This investment will enable Granules to participate in product selection and have right of first refusal to market the select products which are under development by USpharma.
USpharma is a development-stage pharmaceutical company specializing in research, development and manufacture of high entry-barrier generic pharmaceuticals, including controlled-release, controlled- substance and patent-challenge products. USpharma in collaboration with manufacturing partners had submitted five ANDAs with Paragraph IV certifications, out of which four ANDAs have already been out licensed to Granules exclusively.
USpharma has formulation development and manufacturing facilities in Philadelphia, Pennsylvania, USA, Mumbai, India and cGMP analytical laboratory in Kansas City, Missouri, USA.
Granules India produces Finished Dosages (FDs), Pharmaceutical Formulation Intermediates (PFIs) and Active Pharmaceutical Ingredients (APIs) for quality conscious customers in the regulated and semi-regulated markets.
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| Cipla | 1470.05 |
| Lupin | 2190.50 |
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