Share price of Natco opened at Rs. 914 levels and lost more than 4% in the market today to reach its intra- day low of Rs. 878.05 per piece. The stock has grown 4.38% in the last month and 60.65% in the last six months.

The company has a market capitalisation of Rs. 16,363 crore. Comparing its financials on a QoQ basis, the company has seen a growth in the numbers. It made a revenue of Rs.1140.5 crore in Q1FY24 which is an increase of 27% from Rs. 897.9 crore in Q4FY23. Its net profit which was Rs. 275.8 crore in Q4FY23 increased 52.3% to Rs. 420.3 crore in Q1FY24.

Natco Pharma is an Indian multinational company specialising in the pharmaceutical sector. The company is based in Hyderabad, India. The company’s products include crop health science products, finished dosage formulations and active pharmaceutical ingredients. It also offers contract manufacturing services.

Written by Bhumika Khandelwal

The post Pharma Stock Falls more than 3% after company gets involved in a US lawsuit; Check the details appeared first on Trade Brains.