Shares of this BSE 500 pharma company are buzzing on the bourses today!

Shares of this BSE 500 pharma company are buzzing on the bourses today!

by 5paisa Research Team Last Updated: Dec 22, 2022 - 02:23 pm 6.1k Views
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The company is a constituent of Group A stocks and commands a market capitalisation of Rs 15,615.25 crore.

The shares of Ajanta Pharma Ltd are buzzing on the bourses today. As of 11.58 am, the shares of Ajanta Pharma are trading higher by 3.05%. Today, the company reported a spurt in trading volume by more than 43.44 times. Owing to this, the stock is one of the top gainers on BSE from Group A. Meanwhile, the frontline index S&P BSE Sensex is down by 0.59%.

Looking at the recent announcements of Ajanta Pharma, the company has not made any significant announcements of late. Hence, the rally in the share price could be attributed to market forces.

Ajanta Pharma Limited is a speciality pharmaceutical company engaged in the development, manufacturing and marketing of quality finished dosages. Committed to 'Serve Health Care Needs Worldwide', the company produces a comprehensive range of speciality products targeting different therapeutic segments for the treatment of patients, customized to each market it is present in.

In Q2FY23, Ajanta Pharma’s revenue from operations grew 6% YoY to Rs 938 crore against Rs 885 crore in Q2FY22. Overall, the branded generic business of Asia and Africa contributed 42.3% of the total revenue during the quarter and the company’s exports in these markets were Rs 397 crores against Rs 350 crore in Q2FY22, posting a growth of 13% over the previous year for the same period. 

The company is currently trading at a TTM PE of 22.2x against the industry PE of 35x. In FY22, the company delivered an ROE & ROCE of 22% and 29%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 15,615.25 crore. 

Today, the scrip opened at Rs 1152, which was also the day’s low. Further, the scrip touched an intra-day high of Rs 1227.75. So far 78,414 shares have been traded on the bourses. The stock has a 52-week high & low of Rs 1,569.42 and Rs 1,062.73, respectively on BSE. 

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