Hikal Ltd stocks surge 14% as USFDA issues "Zero" observations

Hikal Ltd stocks surge 14% as USFDA issues "Zero" observations found at Bengaluru Plant.

Jan 10, 2017 09:01 IST India Infoline News Service

Hikal
Hikal Ltd stocks surge 14% as USFDA issues "Zero" observations found at Bengaluru Plant. The Company stocks traded on a new 52-week high value of 256.10. Also, the stocks observed a spurt in volume by more than a 8.96 times.

Stock View:

Hikal Ltd is currently trading at Rs 247.9, up by Rs 29.95 or 13.74% from its previous closing of Rs 217.95 on the BSE.

The scrip opened at Rs 219.5 and has touched a high and low of Rs 256.1 and Rs 217.6 respectively. So far 884111(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1791.56 crore.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 241.3 on 03-Nov-2016 and a 52 week low of Rs 116.6 on 31-Mar-2016. Last one week high and low of the scrip stood at Rs 227.4 and Rs 212.55 respectively.

The promoters holding in the company stood at 68.77 % while Institutions and Non-Institutions held 12.48 % and 18.75 % respectively.

The stock is currently trading above its 50 DMA.

Related Story