{"id":105647,"date":"2023-07-27T14:39:00","date_gmt":"2023-07-27T09:09:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105647"},"modified":"2023-07-27T15:48:00","modified_gmt":"2023-07-27T10:18:00","slug":"midcap-stock-gained-6-5-after-company-sets-up-its-subsidiary-in-russia-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/midcap-stock-gained-6-5-after-company-sets-up-its-subsidiary-in-russia-check-the-details\/","title":{"rendered":"Midcap stock gained 6.5% after company sets up its subsidiary in Russia; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3440806886\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of the largest Indian player in the US generic drug industry jumped nearly 6.5 percent in early trade and reached a 52-week high of Rs 834.80 on July 27 after the business announced the establishment of a subsidiary in Russia.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-884783976\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 1:15 p.m., shares of Aurobindo Pharma were trading at Rs 839.40 , with a gain of&nbsp; 6.3 percent on the National Stock Exchange.<\/p><p>As per company\u2019s exchange filing, Aurobindo Pharma announced the establishment of a wholly owned subsidiary, Auro Pharma LLC, in the Russian market. The newly formed subsidiary will manage Aurobindo&#8217;s pharmaceutical business activities in Russia, and the business will invest $10 million in the new subsidiary.<\/p><p>Aurobindo Pharma is the global leader in semi-synthetic penicillin medications and is primarily engaged in the development and sale of active pharmaceutical ingredients, generic pharmaceuticals, and associated services.<\/p><div class=\"trade-content_5\" id=\"trade-3467420325\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Last year, the stock increased by 92 percent, and in six months, it increased by 100 percent.<\/p><p>Revenue of Aurobindo Pharma increased by 6 percent from Rs 23,455 crore in FY 21-22 to Rs 24,855 crore in FY 22-23. During the same period, net profit fell by 27 percent, from Rs 2,678 crore to Rs 1,939 crore.<\/p><p>The company&#8217;s profitability ratio is 11.12 percent operating margin, 7.80 percent net profit margin, 7.18 percent return on equity, and 9.73 percent return on capital employed.<\/p><p>As per latest shareholding pattern,The promoters own 51.83 percent of the company, while Foreign institutional investors own 24.12 percent&nbsp; and domestic institutional investors own 15.73 percent stake.<\/p><p><strong>Written by Omkar Chitnis<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-427459943\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of the largest Indian player in the US generic drug industry jumped nearly 6.5 percent in early trade and reached a 52-week high of Rs 834.80 on July 27 after the business announced the establishment of a subsidiary in Russia. At 1:15 p.m., shares of Aurobindo Pharma were trading at Rs 839.40 , with [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-105647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Midcap stock gained 6.5% after company sets up its subsidiary in Russia; Check the details - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/midcap-stock-gained-6-5-after-company-sets-up-its-subsidiary-in-russia-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Midcap stock gained 6.5% after company sets up its subsidiary in Russia; Check the details\" \/>\n<meta property=\"og:description\" content=\"Shares of the largest Indian player in the US generic drug industry jumped nearly 6.5 percent in early trade and reached a 52-week high of Rs 834.80 on July 27 after the business announced the establishment of a subsidiary in Russia. 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