Aurobindo Pharma gains after picking up volume

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After going through a lot of pressure in past one month, pharma stocks have rebounded in the today’s trading session. Aurobindo Pharma has witnessed sharp surge with huge volumes in the morning hours on Thursday.

The stock has attracted a huge volume of 46,00,224 shares and traded value of Rs 274.24 Cr as of 1138 hours on Thursday. On the derivatives front, the maximum additions in the open interest were seen at the strike price of Rs 620 per share for call options and at the strike price of Rs 580 per share for put options.

The company, in its investor’s presentation filed with the BSE, reports that it has witnessed growth in its operating income by the CAGR of 27% in FY13 to FY17 period. EBITDA has grown at CAGR of 40% while PAT has grown at CAGR of 67% in the same period.

The company also reported growth drivers in the next three to four years for its US business. These drivers include broadening portfolio with more balance through accelerated growth in injectable, OTC, and higher complexity products, increasing collaboration across the global customer base and operational efficiencies and cost leadership in API and formulation manufacturing, supply chain planning and distribution.

The pharma stocks were losing in their share prices for past few trading sessions as price erosions in the US market worried the investors. However, the investors seem to be relaxed due to the company’s growth agenda for next few years.

Stock View:

Aurobindo Pharma Ltd is currently trading at Rs 587.9, up by Rs 13.75 or 2.39% from its previous closing of Rs 574.15 on the BSE.

The scrip opened at Rs 574 and has touched a high and low of Rs 606.65 and Rs 571 respectively. So far 6037539(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 33638.44 crore.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 895 on 06-Oct-2016 and a 52 week low of Rs 504 on 29-May-2017. Last one week high and low of the scrip stood at Rs 584 and Rs 504 respectively.

The promoters holding in the company stood at 51.87 % while Institutions and Non-Institutions held 33.75 % and 14.38 % respectively.

The stock is currently trading below its 200 DMA.
Aurobindo Pharma Ltd
BSE 588.70 14.55 (2.53%)
NSE 588.55 14.40 (2.51%)


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