Natco Pharma Ltd Share Price – NSE  /  BSE

Pharmaceuticals, Small Cap

NATCO Pharma announced that Fresenius Kabi USA, LLC and Fresenius Kabi Deutschland GmbH (together, “Fresenius”) have filed a complaint against Natco Pharma USA LLC f/k/a Dash Pharmaceuticals LLC in the District Court of Delaware relating to the marketing of Dash Pharmaceuticals Diazepam Injection prefilled syringe in the United States.

Fresenius has not yet effectuated service of the complaint which is required to commence the lawsuit.

Natco Pharma intends to defend the matter accordingly.

Dash Pharmaceuticals LLC had been acquired by Natco Pharma, Inc. and Dash Pharmaceuticals LLC had changed its name to Natco Pharma USA LLC

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Natco Pharma has received a warning letter dated 08 April 2024 from the United States Food and Drug Administration (USFDA) for its Kothur (Pharma Division) manufacturing facility. The Company does not believe that the warning letter will have an impact on disruption of supplies or existing revenues from this facility. It may cause delay/withholding of pending product approvals from this site.

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Axis Bank Ltd, Linde India Ltd, Pidilite Industries Ltd and Kotak Mahindra Bank Ltd are among the other gainers in the BSE's 'A' group today, 06 March 2024.

Natco Pharma Ltd spiked 2.45% to Rs 1007 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 85852 shares were traded on the counter so far as against the average daily volumes of 79483 shares in the past one month.

Axis Bank Ltd surged 2.24% to Rs 1125.4. The stock was the second biggest gainer in 'A' group. On the BSE, 1.3 lakh shares were traded on the counter so far as against the average daily volumes of 4.56 lakh shares in the past one month.

Linde India Ltd soared 2.12% to Rs 5571. The stock was the third biggest gainer in 'A' group. On the BSE, 3752 shares were traded on the counter so far as against the average daily volumes of 2099 shares in the past one month.

Pidilite Industries Ltd rose 2.09% to Rs 2755.25. The stock was the fourth biggest gainer in 'A' group. On the BSE, 5350 shares were traded on the counter so far as against the average daily volumes of 9696 shares in the past one month.

Kotak Mahindra Bank Ltd gained 2.05% to Rs 1751.25. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1.14 lakh shares were traded on the counter so far as against the average daily volumes of 4.51 lakh shares in the past one month.

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Natco Pharma Ltd is up for a fifth straight session today. The stock is quoting at Rs 1058.35, up 3.1% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.55% on the day, quoting at 22161.15. The Sensex is at 72753.71, up 0.45%. Natco Pharma Ltd has gained around 27.69% in last one month.

Meanwhile, Nifty Pharma index of which Natco Pharma Ltd is a constituent, has gained around 10.46% in last one month and is currently quoting at 18870.8, up 0.88% on the day. The volume in the stock stood at 37.33 lakh shares today, compared to the daily average of 13.8 lakh shares in last one month.

The PE of the stock is 15.18 based on TTM earnings ending December 23.

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