Shilpa Medicare share price dropped almost 10 per cent to Rs 550 at 15:10 hours on NSE after net profit rose 9.07 per cent to Rs 24.13 crores on 10.17 per cent rise in total income to Rs 160.80 crores in first quarter of June 2016 over first quarter of June 2015.
The result was announced during market hours today, 26 August 2016. Meanwhile, the S&P BSE Sensex was down 64.08 points or about 0.23 per cent at 27,771.83.
On NSE, so far 2,54,557 shares were traded in the counter in today’s trading session, compared with an average volume of 22,153 shares in the past one quarter. Shilpa Medicare share price hits a high of Rs 612 and a low of Rs 547 so far during the day.
Ahead of the results, the stock had surged 6.4 per cent in three sessions to settle at Rs 599.90 on 25th August 2016, from close of Rs 563.80 on 22nd August 2016.
Shilpa Medicare has equity capital of Rs 7.71 crores. Face value per share is Re 1. The P/E Ratio is 44.58. The Promoter holding pledged is 0. The book value of the company is 84.40. The market cap of the Company as of today is Rs 4616.86 crores.
Shilpa Medicare is engaged in the business of bulk drugs manufacturing. Shilpa Medicare Limited started its journey as API manufacturer way back in the year 1987 at Raichur, Karnataka of India. The commercial production in the Shilpa Medicare was started in November of 1989. The Company initially started producing Trimethoprim IP/BP with in-house developed technology.
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