Sigachi Industries is currently trading at Rs. 62.06, up by 0.77 points or 1.26% from its previous closing of Rs. 61.29 on the BSE.
The scrip opened at Rs. 61.86 and has touched a high and low of Rs. 62.49 and Rs. 60.82 respectively. So far 129263 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 95.94 on 27-Feb-2024 and a 52 week low of Rs. 35.03 on 08-Sep-2023.
Last one week high and low of the scrip stood at Rs. 62.49 and Rs. 58.23 respectively. The current market cap of the company is Rs. 1999.04 crore.
The promoters holding in the company stood at 45.43%, while Institutions and Non-Institutions held 1.56% and 53.01% respectively.
Sigachi Industries has unveiled new product lines, PureCoat and UltraMod -- innovative pharmaceutical film coatings and polymer blends, respectively. These cutting-edge solutions are poised to transform the coatings landscape, enhancing drug delivery, patient compliance, and overall product efficacy.
Sigachi’s entry into the coatings market is strategically timed to capitalize on the industry’s growth potential. The company’s deep understanding of pharmaceutical formulations, coupled with its state of-the-art manufacturing facilities, enables it to deliver superior quality products that meet the evolving needs of the market.
PureCoat and UltraMod are designed to address the critical challenges faced by the pharmaceutical industry, including improving drug stability, enhancing and bioavailability. Sigachi has set ambitious sales targets for its coatings business. Over the next three years, Sigachi envisions capturing a significant market share, targeting 16-18% of the Indian market.
Sigachi Industries is an industry leader in the field of Pharma Excipients, Nutra and food ingredients. The company has rapidly established itself as one of the largest manufacturers of Microcrystalline Cellulose worldwide.
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