Know Why Shilpa Medicare Share Price Made a Record High

Shilpa Medicare share price recorded a lifetime high of Rs 718.50 in today’s trading session. It broke its previous high of Rs 702.00 that was recorded yesterday.

Shilpa Medicare has received an approval from USFDA (the Office of Bioequivalence) for Capecitabine Tablets USP, 150 mg as well as 500 mg to be bioequivalent and therapeutically equivalent to the reference listed drug product (RLD), Xeloda Tablets, 150 mg and also 500 mg of Hoffmann-La Roche, Inc.

Shilpa Medicare produces as well as exports consistently high-quality Active Pharmaceutical Ingredients Fine Chemicals, intermediates, herbal products and speciality chemical products using sophisticated technology, meticulously following the international specifications.

This nod from the USFDA boosted the growth of the shares of the company.

At the moment Shilpa Medicare share price is trading at Rs 707.85, up by 3.97 per cent. A total of 1,48,864 shares of the company have been traded on NSE aggregating to a total value of Rs 1,056.49 lacs. 

Dynamic Levels carefully handpicks top 500 stocks out of all the 1700 plus scrips listed on the National Stocks Exchange. These top 500 Shares are identified by Dynamic Levels research team at the end of every quarter. These shares are further filtered to find the list of multibagger stocks, based on our technical and fundamental research as well as high trading volumes.

Shilpa Medicare is a part of the multibagger stock list and is considered to have a great potential to grow in the long run.

Key Ratios of Shilpa Medicare

Name	Ratio
Current Ratio (x)	1.55
Quick Ratio (x)	0.79
Dividend Yield (%)	0.08
Interest Coverage Ratio (x)	23.31
Debt Equity Ratio (x)	0.29
Return On Asset (%)	11.03
Return On Equity (%)	16.04

Shilpa Medicare Peer Price Performance Today(as of 12 PM) 

Sr No	Company Name	LTP	Open	High	low	Prv Price	Change	% Change
1	GRANULES	115.7	110	117.7	109.5	111.4	4.3	3.86
2	SHILPA MEDICARE	706	679	718.5	679	680.8	25.2	3.7
3	MERCK	1026.5	1005	1043	999.95	1006.9	19.6	1.95
4	MOREPEN LAB	21.8	20.8	22.4	20.8	21.4	0.4	1.87
5	BIOCON	933.15	918	937.35	914.4	922.95	10.2	1.11
6	JB CHEMICALS	348.1	340.2	348.9	340.2	344.45	3.65	1.06
7	INDOCO REMEDIES	263	261	265	259.5	260.3	2.7	1.04
8	UNICHEM	265.4	261	266.5	261	263.35	2.05	0.78
9	RPG LIFE	460	450	465.9	440.6	456.5	3.5	0.77
10	AJANTA PHARMA	1853.3	1828	1872	1813.7	1839.6	13.7	0.74

Keep an eye on the major support and resistance levels of Shilpa Medicare at Shilpa Medicare share price forecast page of Dynamic Levels.