Kimia Biosciences surges on bagging contact worth $200,000
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Kimia Biosciences is currently trading at Rs. 54.70, up by 1.70 points or 3.21% from its previous closing of Rs. 53.00 on the BSE.
The scrip opened at Rs. 53.75 and has touched a high and low of Rs. 55.90 and Rs. 51.30 respectively. So far 26192 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 58.40 on 11-Mar-2024 and a 52 week low of Rs. 33.20 on 29-Jan-2024.
Last one week high and low of the scrip stood at Rs. 55.90 and Rs. 51.00 respectively. The current market cap of the company is Rs. 258.80 crore.
The promoters holding in the company stood at 74.94%, while Institutions and Non-Institutions held 0.38% and 24.68% respectively.
Kimia Biosciences has bagged contract from reputed client based in Europe. The total value of the contract is $200,000. The contract is related to Contract development and manufacturing organization (CDMO) and is expected to contribute significantly to the company’s revenue for the current financial year.
Kimia Biosciences is a pharmaceutical company and the state of the art manufacturing facility is manufacturing latest Bulk Drugs and intermediates (R&D based) for India and Overseas markets.
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