Hot Pursuit
Home >> Markets >> Equity >> News >> Hot Pursuit Detailed News
Divi's Laboratories surges 24.21% in four sessions
(15:02, 13 Sep 2017)
The stock had surged 11.83% to Rs 804.80 yesterday, 12 September 2017. The stock has galloped 24.21% in four sessions to its ruling price, from a close of Rs 694.75 on 7 September 2017.

Meanwhile, the S&P BSE Sensex was up 113.99 points, or 0.35% to 32,272.65.

High volume was witnessed on the counter. On the BSE, 8.36 lakh shares were traded in the counter so far, compared with average daily volumes of 2.3 lakh shares in the past one quarter. The stock had hit a high of Rs 863.15 and a low of Rs 793.05 so far during the day. The stock had hit a record high of Rs 1,380 on 16 September 2016. The stock had hit a 52-week low of Rs 533.10 on 29 May 2017.

The stock had outperformed the market over the past one month till 12 September 2017, gaining 28.39% compared with the Sensex's 3.03% gains. The stock had also outperformed the market over the past one quarter, rising 24.29% as against the Sensex's 3.42% rise. The scrip had, however, underperformed the market over the past one year, falling 38.27% as against the Sensex's 13.42% rise.

The large-cap company has equity capital of Rs 53.09 crore. Face value per share is Rs 2.

The US Food and Drug Administration (USFDA) is reportedly inspecting the Unit II of Divi's Laboratories' Visakhapatnam facility. The inspection which started on Monday, 11 September 2017 is expected to conclude in a week's time according to the report.

The USFDA had issued an import alert on the Unit II of the company in March and a warning letter to the same in May. The plants that are on FDA's import alert are not permitted to export drugs to the US. However, after receiving clearance from the European regulatory, it is speculated that the USFDA inspection of Unit II will conclude smoothly.

Divi's Laboratories had said in April that USFDA had exempted some more products manufactured at the company's Unit-II at Visakhapatnam from the import alert issued under clauses 66-40 & 99-32 of the FDA regulations.

Divi's Laboratories' net profit fell 41.5% to Rs 176.54 crore on 19.3% decline in net sales to Rs 821.20 crore in Q1 June 2017 over Q1 June 2016.

Divi's Laboratories is primarily engaged in the manufacture of active pharmaceutical ingredients (APIs) & intermediates for generics; custom synthesis of API's and advanced intermediates for discovery compounds for pharma giants; building blocks for peptides; building blocks for nucleotides; carotenoids; and chiral ligands.

Powered by Capital Market - Live News

ACC Ltd     1,688.30   Down   -61.50 (-3.51%)   Adani Ports & Special Economic Zone Ltd     401.20   Down   -9.00 (-2.19%)   Ambuja Cements Ltd     269.90   Down   -6.85 (-2.48%)   Asian Paints Ltd     1,213.25   Down   -15.85 (-1.29%)   Aurobindo Pharma Ltd     724.20   Down   -28.40 (-3.77%)   Axis Bank Ltd     505.30   Down   -7.25 (-1.41%)   Bajaj Auto Ltd     3,042.45   Down   -36.40 (-1.18%)   Bank of Baroda     141.85   Down   -3.75 (-2.58%)   Bharat Petroleum Corporation Ltd     492.00   Down   -4.15 (-0.84%)   Bharti Airtel Ltd     395.35   Down   -4.75 (-1.19%)   Bharti Infratel Ltd     390.00   Up   2.35 (0.61%)   Bosch Ltd     21,495.05   Down   -62.85 (-0.29%)   Cipla Ltd     585.35   Down   -6.55 (-1.11%)   Coal India Ltd     253.80   Down   -0.25 (-0.10%)   Dr Reddys Laboratories Ltd     2,457.75   Down   -28.80 (-1.16%)   Eicher Motors Ltd     31,579.60   Down   -244.70 (-0.77%)   GAIL (India) Ltd     398.55   Down   -9.20 (-2.26%)   HCL Technologies Ltd     884.45   Up   14.15 (1.63%)   HDFC Bank Ltd     1,824.10   Down   -15.00 (-0.82%)   Hero Honda Motors Ltd     3,791.15   Down   -105.25 (-2.70%)   Hindalco Industries Ltd     230.90   Down   -13.65 (-5.58%)   Hindustan Unilever Ltd     1,239.20   Down   -17.50 (-1.39%)   Housing Development Finance Corporation Ltd     1,780.95   Down   -7.65 (-0.43%)   ICICI Bank Ltd     277.10   Down   -7.85 (-2.75%)   Indiabulls Housing Finance Ltd     1,242.35   Down   -39.50 (-3.08%)   Indian Oil Corporation Ltd     408.40   Down   -4.85 (-1.17%)   IndusInd Bank Ltd     1,707.60   Down   -22.55 (-1.30%)   Infosys Technologies Ltd     898.30   Down   -11.25 (-1.24%)   ITC Ltd     268.45   Down   -1.10 (-0.41%)   Kotak Mahindra Bank Ltd     1,021.90   Down   -7.25 (-0.70%)   Larsen & Toubro Ltd     1,184.80   Down   -43.25 (-3.52%)   Lupin Ltd     1,014.40   Down   -16.00 (-1.55%)   Mahindra & Mahindra Ltd     1,287.15   Down   -4.30 (-0.33%)   Maruti Suzuki India Ltd     8,068.20   Down   -76.75 (-0.94%)   NIFTY (S&P CNX)     9,964.40   Down   -157.50 (-1.56%)   NTPC Ltd     166.00   Down   -2.20 (-1.31%)   Oil & Natural Gas Corpn Ltd     164.45   Down   -1.45 (-0.87%)   Power Grid Corporation of India Ltd     209.55   Down   -2.00 (-0.95%)   Reliance Industries Ltd     817.40   Down   -23.95 (-2.85%)   State Bank of India     261.85   Down   -6.65 (-2.48%)   Sun Pharmaceuticals Industries Ltd     513.85   Down   -5.80 (-1.12%)   Tata Consultancy Services Ltd     2,503.60   Down   -21.30 (-0.84%)   Tata Motors Ltd     411.80   Down   -1.85 (-0.45%)   Tata Motors-DVR     230.75   Down   -2.45 (-1.05%)   Tata Power Company Ltd     80.40   Down   -2.70 (-3.25%)   Tata Steel Ltd     654.00   Down   -33.10 (-4.82%)   Tech Mahindra Ltd     458.40   Down   -1.85 (-0.40%)   UltraTech Cement Ltd     3,999.60   Down   -166.45 (-4.00%)   Vedanta Ltd     307.90   Down   -14.65 (-4.54%)   Wipro Ltd     294.45   Up   2.55 (0.87%)   Yes Bank Ltd     360.65   Down   -16.40 (-4.35%)   Zee Entertainment Enterprises Ltd     521.70   Down   -13.85 (-2.59%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com