{"id":131683,"date":"2024-08-22T11:09:42","date_gmt":"2024-08-22T05:39:42","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=131683"},"modified":"2024-08-22T11:09:45","modified_gmt":"2024-08-22T05:39:45","slug":"pharma-stock-jumps-11-after-completing-construction-of-new-plant-in-madhya-pradesh","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/pharma-stock-jumps-11-after-completing-construction-of-new-plant-in-madhya-pradesh\/","title":{"rendered":"Pharma stock jumps 11% after completing construction of new plant in Madhya Pradesh\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1775323471\"><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>In Thursday\u2019s trading session, the shares of a pharmaceutical company engaged in the manufacturing and trading of medicines surged 11.1 percent to Rs. 90 on NSE, after announcing the completion of the construction of a new plant in Madhya Pradesh.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2562239563\"><!-- 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 capitalisation of Rs. 147.6 crores, at 10:35 a.m., the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ZENITHDRUG\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Zenith Drugs Limited<\/a><\/strong> were trading in the green at Rs. 86.05, up by 6.2 percent, as against its previous closing price of Rs. 81.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What\u2019s the News:&nbsp;<\/strong><\/h2><p>Zenith Drugs Limited announced the completion of the construction of a new plant located at Village Muradpura, Depalpur, Indore, Madhya Pradesh, according to the latest regulatory filings with the NSE.&nbsp;<\/p><p>This new facility will significantly expand the company&#8217;s production capacity.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-978592361\"><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>Additionally, starting in September 2024, Zenith Drugs will begin producing a range of tablet and liquid oral formulations at this plant.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong><\/p><\/blockquote><figure class=\"wp-block-embed is-type-wp-embed is-provider-trade-brains wp-block-embed-trade-brains\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"VbL0DSBdq3\"><a href=\"https:\/\/tradebrains.in\/features\/navratna-stock-jumps-8-after-companys-board-to-consider-4500-cr-fundraise\/\">Navratna stock jumps 8% after company&#8217;s board to consider \u20b9 4,500 Cr fundraise<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Navratna stock jumps 8% after company&#8217;s board to consider \u20b9 4,500 Cr fundraise&#8221; &#8212; Trade Brains\" src=\"https:\/\/tradebrains.in\/features\/navratna-stock-jumps-8-after-companys-board-to-consider-4500-cr-fundraise\/embed\/#?secret=WAwOte4mja#?secret=VbL0DSBdq3\" data-secret=\"VbL0DSBdq3\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials:&nbsp;<\/strong><\/h2><p>The company experienced significant growth in its revenue from operations, showing a year-on-year rise of nearly 15.8 percent from Rs. 114 crores in FY22-23 to Rs. 132 crores in FY23-24.&nbsp;<\/p><p>Similarly, its net profit increased during the same period from Rs. 5 crores to Rs. 10 crores, indicating a growth of 100 percent YoY.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Shareholding Pattern:&nbsp;<\/strong><\/h2><p>As per the latest shareholding pattern, the Promoters hold a 69.98 percent stake in the company, Foreign Institutional Investors (FII) hold a 5.81 percent stake, while Retail Investors and Domestic Institutional Investors (DII) hold a 22.28 percent and 1.93 percent stake in Zenith Drugs, respectively.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company:&nbsp;<\/strong><\/h2><p>Zenith Drugs Limited is a pharmaceutical manufacturing and trading company specialised in the manufacturing of high-quality and affordable pharmaceutical products.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Shivani Singh<\/strong><\/p><\/blockquote><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong><\/p><\/blockquote><figure class=\"wp-block-embed is-type-wp-embed is-provider-trade-brains wp-block-embed-trade-brains\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"lylux02sjM\"><a href=\"https:\/\/tradebrains.in\/features\/solar-pump-stock-under-5-to-add-to-your-watchlist\/\">Solar pump stock under \u20b9 5 to add to your watchlist\u00a0<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Solar pump stock under \u20b9 5 to add to your watchlist\u00a0&#8221; &#8212; Trade Brains\" src=\"https:\/\/tradebrains.in\/features\/solar-pump-stock-under-5-to-add-to-your-watchlist\/embed\/#?secret=zOVMHMLnLU#?secret=lylux02sjM\" data-secret=\"lylux02sjM\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Disclaimer<\/strong><\/h2><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. 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