iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Panacea Biotec rallies ~20% on major order win

11 Oct 2022 , 01:34 PM

Panacea Biotec’s counter jumped as much as 20% at Rs160.80 in Tuesday’s session following the company’s announcement of a significant order win from UNICEF and the Pan American Health Organization (PAHO).

UNICEF and PAHO have placed long-term supply orders with the biotechnology company for its WHO-pre-qualified completely liquid pentavalent vaccination, Easyfive-TT, totaling $127.3 million (Rs1,040 crore).

At around 1.10 PM, Panacea Biotec was trading 17.54% higher at Rs157.50, against the previous close of Rs134 on NSE.

The orders from UNICEF and PAHO each total $98.755 million (Rs 813 crore) for the delivery of 99.70 million doses over the course of the calendar years 2023—2027 and $28.55 million (Rs 235 crore) for the supply of 24.83 million doses over the course of the calendar years 2023—2025, respectively.

The order victory exceeds the small-cap company’s whole market capitalisation of Rs955 crore.

Even after a chunky 20% surge, the counter was trading much lower than its 52-week high of Rs286. However, during today’s intraday trade it hit the upper circuit limit of Rs160.80.

On a year-to-date basis, the company’s shares have been down more than 20%, while over the last year, they have declined approximately 45%.

Related Tags

  • Buzzing Stock
  • Panacea Biotech News
  • Panacea Biotech Order
  • Panacea Biotech Stock
  • Panacea Biotech Updates
  • stock in news
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

Indices end the day in red
21 Jun 2024|07:00 PM
Zepto raises $665 million
21 Jun 2024|07:01 PM
Market Update: Nifty and Sensex Dip
21 Jun 2024|01:47 PM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.