Natco Pharma plunges over 12%

India Infoline News Service | Mumbai | August 10, 2017 10:23 IST

Pharma major, Natco Pharma tanked over 12% in early morning trade on Thursday on the BSE.

Pharma major, Natco Pharma tanked over 12% in early morning trade on Thursday on the BSE.
 
Natco Pharma was trading at Rs 734.50 per share, down by Rs 96.10 or 11.57% as at 0954 hours, on the BSE as against its previous close of Rs 830.60. The stock has hit its intraday high and low of Rs 824 and Rs 722.95, respectively.
 
The stock of Natco Pharma has plunged 24.75% till now from Monday’s closing share value. It has attracted a traded volume of 9,19,189 shares and traded value of Rs 6,907.89 lakh on the NSE.
 
The company had hit its 52-week high of Rs 1,090 on June 9, 2017 and 52-week low of Rs 500 on November 9, 2016.
 
Stock view:
 
Natco Pharma Ltd is currently trading at Rs 732.4, down by Rs 98.2 or 11.82% from its previous closing of Rs 830.6 on the BSE.
 
The scrip opened at Rs 824 and has touched a high and low of Rs 824 and Rs 722.95 respectively. So far 1199709(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 14478.01 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 986.55 and Rs 819.95 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

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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