NSE Symbol: DIVISLAB | BSE Code: 532488
Divis Lab Share Price Performance:
Stock Trends in 2016-2017:
On 29th December 2017, the Divis Laboratories share price was trading at Rs. 1098.20, increased by 11 points from the last closing of Rs. 1114.25 on the Bombay Stock Exchange.
On January 2, 2017, the scrip began at Rs. 791.50 and had crossed a high and low of Rs. 803.05 and Rs. 784.20 respectively. So far, around 2,43,521 shares were traded on the index. On 31st January, the Divis Labs closing share price was dropped at Rs 699.70. By the end of the first quarter in March 2017, the opening share price plummeted at a high of Rs 627.50 and closed at Rs 624.15. In the second quarter on 3rd April, the scrip began at Rs 626.50, and by 30th June, it soared to Rs 646.85. In the third quarter, the opening price went high to Rs 649 on 3rd July 2017, and by the end of Q3, it soared to the level of Rs 855.05 recovering for the enormous losses and generating profits. The fourth quarter opened at Rs 863.05 with the inclination at a price again, and it closed at the Rs1098.20.
The BSE group 'A' share of face value Rs. 2 has touched a 52 week high of Rs. 1193.80 on 21-Nov-2016 and a 52 week low of Rs. 533.10 on 29-May-2017.
The one week high and low scrip stood at Rs. 1060.00 and Rs. 985.00 respectively on 20th November 2017. The current market capitalization of the company stands at Rs. 27306.10 cr.
Stock Trends in 2018:
On January 2018, the Divis Lab share price began at Rs 1115 in January and dipped down to Rs 1036.15 by the month-end selling a volume of 1145.56 shares(in 000s). In February the Divis Lab stock price began at Rs 1035.90 and closed at Rs1023.30. By March 2018, the stock price closed at Rs1089.50. In April, the stock price rose a little to Rs.1094.90 and by April end, the price closed at Rs 1196.50. At the end of Q2 of 2018, the price slumped to Rs1038.35. On July 2018, the closing Divis Lab share price again rose to Rs.1146.15. In August 2018, the price began at Rs.1150 and soared to Rs1305.15 mark. In September 2018, the share price began at Rs.1305 and closed at Rs1309.50. At the beginning of October 2018, the stock price began at Rs.1310.55, and the closed at Rs1298.10.
The stock price saw a high of Rs.1323.20 and low days of Rs1323.8.
The promoters holding in the company is at 52.07%, while institutions and non-institutions held 32.45% and 15.48% respectively.
Divis Laboratories has received an Establishment Inspection Report (EIR) from the United States Food & Drug Administration (USFDA) for its Unit-II, located at Visakhapatnam, Andhra Pradesh, as the closure of audit by USFDA.
Earlier in September, the company's Unit-II was inspected by USFDA wherein a Form-483 was issued with six observations.
Divis Laboratories focussed on developing the new processes for the manufacturing of Active Pharma Ingredients (APIs) & Intermediates. The company in a matter of short time expanded the operations to provide complete turnkey solutions to the domestic Indian pharmaceutical industry.
Information about the company:
Divis Laboratories Ltd was established on 12-10-1990. The current market capitalization of the company stands at Rs 34749.84 Cr. In the latest quarter, the company has reported Gross Sales of Rs. 39127.8 Cr and Total Income of Rs.40049.3 Cr. The company's management includes P V Lakshmi Rajani, S Ganapathy, Ramesh BV Nimmagadda, KVK Seshavataram, R Ranga Rao, G Suresh Kumar, Nilima Motaparti, Kiran S Divi, Madhusudana Rao Divi, N V Ramana, Murali K Divi, Murali K Divi. The company is listed on the BSE with a BSE Code of 532488, NSE with an NSE Symbol of DIVISLAB and ISIN of INE361B01024. The registered address of the company is at 303, Divi Towers, Cyber Hills, Gachibowli, Hyderabad-500032, Telangana. Their Registrars are ACC Ltd. The auditors of the company are Price Waterhouse Chartered Accountants LLP, PVRK Nageswara Rao & Co.
How can you purchase the Divis Lab Shares?
Divis Lab shares can be purchased from NSE(National Stock Exchange) and BSE(Bombay Stock Exchange) in India. Details regarding the stock price, PE ratio, previous closings and other metrics that can help in determining the Divis Lab stock can be found on BSE and NSE website. The Divis Lab shares are listed on the Benchmark Indices of India like BSE Sensex and Nifty.