{"id":112555,"date":"2023-10-23T18:30:00","date_gmt":"2023-10-23T13:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112555"},"modified":"2023-10-23T18:01:29","modified_gmt":"2023-10-23T12:31:29","slug":"pharma-stock-soars-7-and-after-it-received-positive-stability-report-for-its-manufacturing-unit","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/pharma-stock-soars-7-and-after-it-received-positive-stability-report-for-its-manufacturing-unit\/","title":{"rendered":"Pharma stock soars 7% and after\u00a0it received positive stability report for its manufacturing unit"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1327483978\"><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>The shares of one of the leading global pharmaceuticals manufacturers soared up to 7 percent and hit its 52 week high price after it received a positive stable report for its manufacturing unit.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-582357463\"><!-- 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 the day\u2019s closing the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/IPCALAB\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Ipca Laboratories<\/a><\/strong> were trading at Rs. 993 up 6 percent from its previous day close price and its market capitalization is Rs. 25,308 Crores.\u00a0<\/p><p>As per the company\u2019s filing, Ipca Laboratories has announced that its manufacturing facility has now received Establishment Inspection Report classifying the manufacturing facility as \u201cVoluntary Action Indicated (VAI) and that this facility is considered to be in a minimally acceptable state of compliance with regard to current good manufacturing practice (CGMP).&nbsp;<\/p><p>This announcement was in relation to its letter dated June 14, 2023, about US FDA inspection of the company&#8217;s API Manufacturing facility situated at Sejavata, Ratlam, Madhya Pradesh.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-692962553\"><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>The company\u2019s revenue increased by 7.03 percent from Rs. 5,796.74 Crores in FY22 to Rs. 6,204.26 Crores in FY23, accompanied by decreasing profits of Rs. 884.08 Crores to Rs. 471.32 Crores.&nbsp;<\/p><p>It has reported a return on equity (ROE) of 8.70 percent and a return on capital employed(ROCE) of 11.71 percent, the company is making decent returns on its equity and capital employed.&nbsp;<\/p><p>According to the latest shareholding data available for the June 2023 quarter, the company\u2019s Promoters hold 46.29 percent stake, the Domestic Institutional Investors hold 35.04 percent and the Foreign Institutional Investors (FII) hold 9.86 percent.&nbsp;<\/p><p>Ipca Laboratories is a global pharmaceutical company that is engaged in manufacturing and selling brand formulations, API\u2019S and their Intermediaries globally.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-541457736\"><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>The shares of one of the leading global pharmaceuticals manufacturers soared up to 7 percent and hit its 52 week high price after it received a positive stable report for its manufacturing unit.\u00a0 At the day\u2019s closing the shares of Ipca Laboratories were trading at Rs. 993 up 6 percent from its previous day close [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":111747,"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":[31,1789],"tags":[13625,13624,948,936],"class_list":["post-112555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ipca-laboratories-latest-news","tag-ipca-laboratories-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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