Aarti Drugs has fixed 01 October 2020 as record date to determine the eligible shareholders entitled to receive the Bonus Shares in the ratio of 3:1 i.e. 3 (Three) Bonus Equity Share of Rs. 10/- each for 1 (One) fully paid up Equity Share of Rs. 10/- each.

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Shares of Aarti Drugs have lost 14.5% in two trading days from its previous closing high of Rs 3,435 on 24 August 2020.

The counter witnessed profit booking after its recent rally. In last one month, the stock has rallied 85% compared with 2.48% rise in benchmark BSE Sensex.

The stock has soared 595.5% from its 52-week low of Rs 422.25 on 19 March 2020. The counter hit an all time high of Rs 3,724.50 on Tuesday (25 August).

On the technical front, the stock's RSI (relative strength index) stood at 67.40. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

The stock is currently trading above its 50-day, 100-day and 200-day simple moving averages placed at 1753.78, 1278.27 and 924.58 respectively.

Aarti Drugs is a pharmaceutical company. The company has a strong presence in the anti-diarrhea, anti-inflammatory therapeutic groups.

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Globalspace Technologies Ltd, Somi Conveyor Beltings Ltd, Indian Card Clothing Company Ltd and Speciality Restaurants Ltd are among the other losers in the BSE's 'B' group today, 26 August 2020.

Aarti Drugs Ltd lost 9.14% to Rs 2965 at 14:38 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 51347 shares were traded on the counter so far as against the average daily volumes of 46155 shares in the past one month.

Globalspace Technologies Ltd tumbled 8.57% to Rs 112.5. The stock was the second biggest loser in 'B' group.On the BSE, 63634 shares were traded on the counter so far as against the average daily volumes of 75134 shares in the past one month.

Somi Conveyor Beltings Ltd crashed 6.12% to Rs 32.35. The stock was the third biggest loser in 'B' group.On the BSE, 19466 shares were traded on the counter so far as against the average daily volumes of 13741 shares in the past one month.

Indian Card Clothing Company Ltd corrected 6.03% to Rs 105.2. The stock was the fourth biggest loser in 'B' group.On the BSE, 903 shares were traded on the counter so far as against the average daily volumes of 2134 shares in the past one month.

Speciality Restaurants Ltd dropped 5.96% to Rs 33.15. The stock was the fifth biggest loser in 'B' group.On the BSE, 19325 shares were traded on the counter so far as against the average daily volumes of 11266 shares in the past one month.

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The stock has surged 47.76% in five sessions from its recent closing low of Rs 2,113.45 on 14 August 2020.

The company's board on Thursday (20 August) approved issuing three bonus shares for each share held.

Aarti Drugs is a pharmaceutical company. The company has a strong presence in the anti-diarrhea, anti-inflammatory therapeutic groups. With its manufacturing facilities at Tarapur and Sarigam, the company manufactures vitamins, anti-arthritis, anti-fungal, antibiotics, ACE inhibitors, besides its range in anti-diabetic, anti-cholinergic, sedatives and anti-depressant drugs.

The drug maker's consolidated net profit surged 280.60% to Rs 85.45 crore on a 34.3% jump in net sales to Rs 544.67 crore in Q1 June 2020 over Q1 June 2019.

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