Fredun Pharma skyrockets 9% after bagging Rs22cr order to supply cardiac and anti-infectives in the East African Countries

The order will be executed over a period of 16 months.

Sep 15, 2021 10:09 IST India Infoline News Service

Bull Market
Fredun Pharmaceuticals Limited, one of the leading formulations Company in India, today announced a $3.2 Million (Rs22cr) order for the sales of cardiac and anti-infectives to East African countries. The order will be executed over a period of 16 months.

Commenting on the order, Fredun Medhora, Managing Director, Fredun Group said, “We are pleased to share this milestone development, which is one of the largest single orders for the company. This order strengthens our position in the East African region, thereby reinforcing our commitment to improving the lives of people.”

The company stock saw huge buying activity on Wednesday morning and at around 11.00 am, Fredun Pharmaceuticals Limited was trading at Rs503.75 per piece up Rs41.65 or 9.01% on the BSE. The stock touched a day's high of Rs509.70 per piece.

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