{"id":114152,"date":"2023-11-22T15:25:25","date_gmt":"2023-11-22T09:55:25","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114152"},"modified":"2023-11-22T15:54:19","modified_gmt":"2023-11-22T10:24:19","slug":"pharma-stocks-jumps-up-to-3-after-company-incorporated-a-new-wholly-owned-subsidiary","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/pharma-stocks-jumps-up-to-3-after-company-incorporated-a-new-wholly-owned-subsidiary\/","title":{"rendered":"Pharma stock jumps up to 3% after company incorporated a new wholly-owned subsidiary \u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3044225808\"><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 the pharmaceutical company gained up to 3.06 percent after the company incorporated Auro Trading Private Ltd as a wholly-owned subsidiary of the Company.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1668711530\"><!-- 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>With a market capitalization of Rs 61,980.59 crores, Aurobindo Pharma Ltd, On Wednesday, the company shares were trading at Rs 1,057.85, an increase of 3.03 percent from the previous close price.&nbsp;<\/p><p>According to the company filing, Aurobindo Pharma Ltd incorporated Auro Trading Private Ltd as a wholly-owned subsidiary of the Company through 1,00,000 equity shares at a face value of Rs 10 each. The purpose of this incorporation is to carry on trading in generic formulations of business.&nbsp;<\/p><p>In addition to the above paragraph, Evive Biotech a subsidiary of Yifan Pharmaceutical Co. Ltd, and Acrotech Biopharma a subsidiary of Aurobindo Pharma Announce FDA Approval of Ryzneuta\u2122 (Efbemalenograstim alfa Injection) for ChemotherapyInduced Neutropenia.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3298924780\"><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>Examining the business&#8217;s financials, the company\u2019s revenue increased 24 percent from Rs. 5,739 crores in FY 2021-22 to Rs 7,219 crores in FY 2022-23. During the same period, Net Profit increased by 83 percent from Rs 410 crores to Rs 752 crores.&nbsp;<\/p><p>The company reported return ratios in the recent financial year with a return on equity (ROE) of 7.5 percent and a return on capital employed (ROCE) of 9.39 percent.&nbsp;<\/p><p>Aurobindo Pharma Ltd\u2019s recent shareholder pattern, The Promoters of the company own 51.83 percent while Retail shareholders own a 7.42 percent stake in the company and Foreign Institutional Investors own a 22.45 percent stake.&nbsp;<\/p><p>The primary business activities of Aurobindo Pharma include the production and distribution of generic medications, active pharmaceutical ingredients, and associated services.&nbsp;<\/p><p><strong>Written by:- Abhishek Singh<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1597221024\"><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 the pharmaceutical company gained up to 3.06 percent after the company incorporated Auro Trading Private Ltd as a wholly-owned subsidiary of the Company.&nbsp; With a market capitalization of Rs 61,980.59 crores, Aurobindo Pharma Ltd, On Wednesday, the company shares were trading at Rs 1,057.85, an increase of 3.03 percent from the previous [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98971,"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":[31,13525],"tags":[],"class_list":["post-114152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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