Pharmaids Pharmaceuticals declines as its promoter sells 7.75% stake
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Pharmaids Pharmaceuticals is currently trading at Rs. 11.70, down by 0.62 points or 5.03 % from its previous closing of Rs. 12.32 on the BSE.
The scrip opened at Rs. 12.59 and has touched a high and low of Rs. 12.69 and Rs. 11.70 respectively. So far 10953 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 24.10 on 13-Oct-2021 and a 52 week low of Rs. 11.00 on 27-May-2022.
Last one week high and low of the scrip stood at Rs. 13.00 and Rs. 11.50 respectively. The current market cap of the company is Rs. 12.06 crore.
The promoters holding in the company stood at 35.44% and Non-Institutions held 64.56%.
Pharmaids Pharmaceuticals' promoter Sadhanala Venkata Rao has sold 7.75 percent equity stake in the company via open market transactions on June 2. With this, Rao's shareholding in the company reduced to 22.39 percent from 30.14 percent.
Pharmaids Pharmaceuticals is engaged in the business of trading and manufacturing of generics, bulk drugs and intermediaries etc.
