Alkem Laboratories Ltd Share Price – NSE  /  BSE

Pharmaceuticals, Mid Cap

The inspection was conducted from 19 March 2024 to 27 March 2024. At the end of the inspection, the company has received Form 483 with 10 observations.

The company said that this inspection is part of the routine business operations and it shall submit to US FDA within the stipulated timeline, a detailed response to close out the said observations.

Alkem Laboratories is engaged in the development, manufacture, and sale of pharmaceutical and nutraceutical products. The company produces branded generics, generic drugs, active pharmaceutical ingredients (APIs), and nutraceuticals.

The pharma major's consolidated net profit rose 30.84% to Rs 594.96 crore on 9.31% increase in net sales to Rs 3323.87 crore in Q3 December 2023 over Q3 December 2022.

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Earlier, on 1 December 2023, the drug maker informed that the US FDA had conducted an inspection at its API manufacturing facility located at Mandva from 27 November 2023 to 1 December 2023. At the end of the inspection, it has received Form 483 with 3 observations. There was no data integrity observation.

The facility has now received EIR classifying it as VAI and the inspection was closed accordingly.

Alkem Laboratories is engaged in the development, manufacture, and sale of pharmaceutical and nutraceutical products. The company produces branded generics, generic drugs, active pharmaceutical ingredients (APIs), and nutraceuticals.

The pharmaceutical company's consolidated net profit jumped 30.8% to Rs 594.96 crore on 9.3% rise in revenue from operations to Rs 3,323.87 crore in Q3 FY24 over Q3 FY23.

Shares of Alkem Laboratories shed 0.90% to end at Rs 4,991.75 on the BSE.

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Rain Industries Ltd, Usha Martin Ltd, Jaiprakash Associates Ltd and Gujarat Pipavav Port Ltd are among the other losers in the BSE's 'A' group today, 26 February 2024.

Alkem Laboratories Ltd lost 7.19% to Rs 5030 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 57216 shares were traded on the counter so far as against the average daily volumes of 4100 shares in the past one month.

Rain Industries Ltd crashed 6.76% to Rs 192.4. The stock was the second biggest loser in 'A' group.On the BSE, 21.7 lakh shares were traded on the counter so far as against the average daily volumes of 10.09 lakh shares in the past one month.

Usha Martin Ltd tumbled 5.20% to Rs 316.2. The stock was the third biggest loser in 'A' group.On the BSE, 1.3 lakh shares were traded on the counter so far as against the average daily volumes of 74036 shares in the past one month.

Jaiprakash Associates Ltd fell 4.96% to Rs 23.17. The stock was the fourth biggest loser in 'A' group.On the BSE, 5.9 lakh shares were traded on the counter so far as against the average daily volumes of 61.53 lakh shares in the past one month.

Gujarat Pipavav Port Ltd slipped 4.57% to Rs 203.75. The stock was the fifth biggest loser in 'A' group.On the BSE, 3.34 lakh shares were traded on the counter so far as against the average daily volumes of 6.02 lakh shares in the past one month.

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Mahindra Holidays & Resorts India Ltd, JSW Energy Ltd, Capri Global Capital Ltd, Procter & Gamble Hygiene and Health Care Ltd are among the other stocks to see a surge in volumes on NSE today, 26 February 2024.

Alkem Laboratories Ltd notched up volume of 17.74 lakh shares by 14:14 IST on NSE, a 8.9 fold spurt over two-week average daily volume of 1.99 lakh shares. The stock slipped 6.57% to Rs.5,064.95. Volumes stood at 1.41 lakh shares in the last session.

Mahindra Holidays & Resorts India Ltd clocked volume of 10.7 lakh shares by 14:14 IST on NSE, a 6.41 times surge over two-week average daily volume of 1.67 lakh shares. The stock gained 5.31% to Rs.431.10. Volumes stood at 1.22 lakh shares in the last session.

JSW Energy Ltd recorded volume of 120.27 lakh shares by 14:14 IST on NSE, a 4.21 times surge over two-week average daily volume of 28.59 lakh shares. The stock gained 4.02% to Rs.527.25. Volumes stood at 53.05 lakh shares in the last session.

Capri Global Capital Ltd notched up volume of 6.22 lakh shares by 14:14 IST on NSE, a 3.93 fold spurt over two-week average daily volume of 1.59 lakh shares. The stock rose 3.63% to Rs.998.00. Volumes stood at 86933 shares in the last session.

Procter & Gamble Hygiene and Health Care Ltd saw volume of 20772 shares by 14:14 IST on NSE, a 3.56 fold spurt over two-week average daily volume of 5836 shares. The stock dropped 1.25% to Rs.16,504.80. Volumes stood at 25075 shares in the last session.

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