Resonance Specialties jumps 4% after USFDA inspects its manufacturing site in Bhopal

India Infoline News Service | Mumbai | October 17, 2016 14:27 IST

One of the company’s manufacturing sites - Vista Organics, Mandideep, (Bhopal) has been recently inspected by the USFDA. No 483 observations have been issued and EIR is awaited by the company.

Resonance Specialities Ltd is currently trading at Rs 40.5, up by Rs 1.9 or 4.92% from its previous closing of Rs 38.6 on the BSE. One of the company’s manufacturing sites - Vista Organics, Mandideep, (Bhopal) has been recently inspected by the USFDA (US Food and Drug Administration). No 483 observations have been issued and EIR (Establishment Inspection Report) is awaited by the company.

The scrip opened at Rs 40.5 and has touched a high and low of Rs 40.5 and Rs 40 respectively. So far 34298(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 44.54 crore.

The BSE group 'XD' stock of face value Rs 10 has touched a 52 week high of Rs 43.7 on 13-Oct-2016 and a 52 week low of Rs 17.15 on 15-Feb-2016. Last one week high and low of the scrip stood at Rs 43.7 and Rs 38.6 respectively.

The promoters holding in the company stood at 64.72 % while Institutions and Non-Institutions held 0.07 % and 35.21 % respectively.

The stock is currently trading above its 50 DMA.
 

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