Indoco Remedies is currently trading at Rs. 335.75, up by 2.20 points or 0.66% from its previous closing of Rs. 333.55 on the BSE.
The scrip opened at Rs. 337.00 and has touched a high and low of Rs. 337.00 and Rs. 331.90 respectively. So far 4060 shares were traded on the counter.
The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 423.10 on 02-Jan-2023 and a 52 week low of Rs. 307.00 on 26-Apr-2023.
Last one week high and low of the scrip stood at Rs. 362.30 and Rs. 330.55 respectively. The current market cap of the company is Rs. 3073.68 crore.
The promoters holding in the company stood at 58.69%, while Institutions and Non-Institutions held 19.60% and 21.70% respectively.
Indoco Remedies has acquired 85% of equity stake of the US based FPP Holding Company, LLC (FPP Holding) for $4 million from Contract Pharmacal Corp (CPC). FPP Holding is the holding company of Florida Pharmaceutical Products, LLC (FPP) which is based in Florida and engaged in marketing and distribution of generic pharmaceutical products in the USA. The strategic investment by Indoco marks a significant milestone, solidifying its position as a key player in the US market.