10:1 Stock Split: Century India Opportunity Fund Pc Bought 16,00,000 Shares of This Penny Stock Under Rs 45; Do you have it?
The stock gave multibagger returns of over 630 per cent from its 52-week low of Rs 5.82 per share.
On Friday, shares of Sudarshan Pharma Industries Ltd gained 1.20 per cent upper circuit to Rs 42.50 per share from its previous closing of Rs 42 per share. The stock’s 52-week high is Rs 46 per share while its 52-week low is Rs 5.82 per share.
Yesterday, Century India Opportunity Fund pc bought 16,00,000 shares of Sudarshan Pharma Industries Ltd at Rs 41.97 per share aggregating to Rs 6,71,52,000 via open market.
On November 22, 2023, the shares of the company ex-traded sub-division /stock split of the company’s 1 (one) equity share having a face value of R 10 each fully paid-up, into 10 equity shares of the company having a face value of Re 1 each fully paid-up.
Earlier, the company successfully acquired a majority stake in Ishwari Healthcare Private Limited, acquiring 2,09,100 equity shares, which constitutes 51% of the company's total paid-up equity share capital. This acquisition has resulted in Ishwari Healthcare becoming a subsidiary of the company. Ishwari Healthcare, a private limited company, is primarily involved in the manufacturing, processing, and distribution of a wide range of medical and surgical instruments, equipment, and devices. Their operations encompass various aspects of the healthcare industry, including research, development, manufacturing, marketing, and distribution.
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Sudarshan Pharma Industries Limited (SPIL), established in 2008 and headquartered in Mumbai, is a prominent contract manufacturer of generic formulations. Operating across diverse segments, including specialty chemicals, intermediates, APIs, pharmaceutical and formulation generics, and bulk supply, SPIL caters to a wide range of institutions and healthcare organizations. Beyond its contract manufacturing services, SPIL has ventured into branded products through its Vimac Healthcare division. A significant portion of its product portfolio, consisting of 56 out of 96 items, is registered under the "R" trademark. Furthermore, SPIL collaborates with renowned Indian companies and institutional clients, offering contract manufacturing services for pharmaceutical formulations and medicines.
The company has a market cap of Rs 992 crore and has delivered good profit growth of 37 per cent CAGR over the last 5 years. The stock gave multibagger returns of over 630 per cent from its 52-week low of Rs 5.82 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.