RPG life share price has traded on a new lifetime high, gaining in the race of top gainers. RPG share price opened at Rs. 439.30 against its previous close of Rs. 436.45. The month of August has been quieter for RPG Life in comparison to June and July. In June, the company tied up with the Italian cosmetic firm Labo Crosprophar and entered into one of India’s fastest growing market- Cosmetology.The company in-licensed two research-based products from the Italian cosmetic firm and launched in the Indian cosmetic market in July. In the month of July, the company bought seven prescription drugs from Sun Pharma for Rs. 41 crores.
The company is aiming to quadruple its revenue to Rs. 1,000 crores over next five years. RPG Life is planning to do it through a mix of product in-licensing, product diversification and entry into the US market. RPG Life Sciences is a part of the RPG Group and has an annual turnover of Rs 280 crore as in Financial year 2016, but under C T Renganathan, MD, RPG Life, the company is looking to expand its portfolio, increase exports and enter new markets.
The beginning can be seen in the rise of RPG Life share price that had traded at a new high of Rs. 478.90. The stock has found its cushion on the support level of Rs. 424.25. The company is identified as top 500 performing stock for the quarter by Dynamic Levels. For details on the support and resistance of the stock, visit RPG Life share price forecast page of Dynamic Levels website.
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