Natco Pharma announces interim dividend

India Infoline News Service | Mumbai | August 07, 2017 16:12 IST

The board of directors of pharma major Natco Pharma approved the recommended payment of an interim dividend in its meeting held on Monday, informed the company in a BSE filing.

The board of directors of pharma major Natco Pharma approved the recommended payment of an interim dividend in its meeting held on Monday, informed the company in a BSE filing.

As recommended and approved by the board, the pharma company will be paying an interim dividend of Rs 1.25 (62.5%) per equity share of Rs 2 each for the financial year 2018.

In the same meeting, the company also scheduled the date for the annual general meeting of the company as September 23, 2017.

Hyderabad-headquartered Natco Pharma had recently received an establishment inspection report (EIR) from the US Food and Drugs Association (USFDA) for its Kothur manufacturing facility at Telangana.   

Stock View: 

Natco Pharma Ltd is currently trading at Rs 952.55, up by Rs 3.35 or 0.35% from its previous closing of Rs 949.2 on the BSE.

The scrip opened at Rs 950 and has touched a high and low of Rs 986.55 and Rs 932.4 respectively. So far 701690(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 16545.3 crore.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 1080 on 09-Jun-2017 and a 52 week low of Rs 495 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 987.3 and Rs 936.8 respectively.

The promoters holding in the company stood at 51.16 % while Institutions and Non-Institutions held 27.06 % and 21.78 % respectively.

The stock is currently trading below its 50 DMA.


***Note: This is a NSE Chart

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