Fredun Pharmaceuticals climbs on installing second Italian Tube Filling Machine at production facility
Fredun Pharmaceuticals is currently trading at Rs. 720.25, up by 60.50 points or 9.17% from its previous closing of Rs. 659.75 on the BSE.
The scrip opened at Rs. 659.75 and has touched a high and low of Rs. 730.00 and Rs. 659.75 respectively. So far 12846 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 1054.00 on 16-Feb-2024 and a 52 week low of Rs. 635.00 on 16-Jan-2025.
Last one week high and low of the scrip stood at Rs. 730.00 and Rs. 640.05 respectively. The current market cap of the company is Rs. 340.05 crore.
The promoters holding in the company stood at 48.93%, while Institutions and Non-Institutions held 1.59% and 49.48% respectively.
Fredun Pharmaceuticals has installed a second Italian Tube Filling Machine at its production facility. This significant investment boosts the company’s production capacity by an impressive 2.9 times, enabling Fredun Pharmaceuticals to meet the growing demand for its high quality products.
The new state-of-the-art machine, manufactured by Axomatic in Italy, is a testament to Fredun’s commitment to technological advancement and operational efficiency. With this installation, the company is poised to meet the growing demand for its products, having recently received an order to manufacture 2 crores tubes. By FY26, Fredun is expected to produce 4 crore tubes, doubling its current capacity and solidifying its position in topical manufacturing. This strategic investment will ensure increased speed, precision, and automation, resulting in enhanced efficiency and reduced production time. It underscores Fredun's commitment to continuous improvement and its dedication to providing customers with timely and reliable product delivery.
Fredun Pharmaceuticals is engaged in manufacturing of pharmaceutical products.
