Heavy Buying Alert: Multibagger specialty chemicals & pharma stock hit back-to-back upper circuits & 52-week highs; Do you own it?
The stock gave multibagger returns of 473 per cent from its 52-week low of Rs 58.20 per share.
Today, shares of Sudarshan Pharma Industries Ltd hit a 5 per cent upper circuit to an intraday high of Rs 333.55 per share from its previous closing of Rs 317.70 per share. The stock also made a new 52-week high of Rs 333.55 per share while its 52-week low is Rs 58.20 per share. The stock has been hitting back-to-back upper circuits & 52-week highs in the recent trading session. The company has not made any significant announcements of late. Hence, the rally in the share price could be driven purely by the market forces.
Sudarshan Pharma Industries Ltd has expanded its reach with the establishment of a new subsidiary, Sudarshan Maven Pharma Private Limited. The parent company has taken a controlling interest in Sudarshan Maven by acquiring 70% of its equity shares. Sudarshan Maven is primarily focused on the research, development, and manufacturing of pharmaceutical products, including active pharmaceutical ingredients (APIs), intermediates, and antibiotics. The subsidiary also ventures into healthcare products, Ayurvedic supplements, and medicinal preparations. This strategic acquisition aligns seamlessly with Sudarshan Pharma's existing business operations and is anticipated to drive growth and diversification within the chemical and pharmaceutical sectors.
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.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
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 over Rs 800 crore and has delivered good profit growth of 37 per cent CAGR over the last 5 years. The stock gave multibagger returns of 473 per cent from its 52-week low of Rs 58.20 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
Also Read: Multibagger electrical equipment stock is in focus as company bought 1,38,800 equity shares of Swiggy Ltd worth Rs 4,99,68,000