RPG Life Sciences rose 4.51% to Rs 243.55 at 12:32 IST on BSE after the company announced its foray into cosmetology, one of India's fastest growing markets.
The announcement was made during market hours today, 28 June 2016.Meanwhile, the S&P BSE Sensex was up 99.18 points, or 0.38%, to 26,502.14
On BSE, so far 70,000 shares were traded in the counter as against an average daily volume of 16,901 shares in the past one quarter. The stock hit a high of Rs 251.90 and a low of Rs 230 so far during the day. The stock had hit a record high of Rs 360.60 on 3 December 2015. The stock had hit a 52-week low of Rs 138 on 24 August 2015. The stock had underperformed the market over the past 30 days till 27 June 2016, falling 11.97% compared with 0.94% fall in the Sensex. The scrip, however, outperformed the market in past one quarter, advancing 7.15% as against Sensex's 6.03% rise.
The small-cap company has an equity capital of Rs 13.23 crore. Face value per share is Rs 8.
RPG Life Sciences has entered into a technical collaboration with Italian cosmetic leader Labo Cospropher. The company is in-licensing two research -based products to be launched in the Indian cosmetic market this July, RPG Life Sciences said. A separate division has been created to market these unique products titled Crescina and Fillerina, specializing in hair-fall and anti-aging, respectively, the company said. Crescina is a research-based global product designed for hair-regrowth with nine patents worldwide. Fillerina is another breakthrough product designed for anti-aging treatment with Swiss patent.
RPG Life Sciences' net profit dropped 52.13% to Rs 2.25 crore on 5.32% rise in total income to Rs 70.31 crore in Q4 March 2016 over Q4 March 2015.
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RPG Life Sciences is an integrated pharmaceutical company operating in the domestic and international markets in the Branded Formulations, Global Generics, Synthetic and Fermentation APIs space. The company is a research-based pharmaceutical company producing a wide range of medicines.
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