Pharma stock jumps after signing MoU with the Indian NavyPharma stock jumps after signing MoU with the Indian Navy

Introduction:

Leading Pharma company has partnered with the Indian Navy (INS Kalinga) to promote health and wellness through the “Vizag Navy Marathon Promo cum Conditioning Programme,” a monthly initiative running from March to October 2025, encouraging fitness and community engagement.

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Share price movement of Sigachi Industries:

On March 13, 2025, Sigachi Industries Ltd opened at ₹38.19, slightly up from its previous close of ₹38.01. The stock hit a high of ₹38.84 (up 2.1%) and a low of ₹37.56. By 1:52 PM, it traded at ₹37.74, with a market cap of ₹1,258.43 crore.

Sigachi Industries Signs MoU with Indian Navy for Health Initiative:

Sigachi Industries Limited has partnered with the Indian Navy (INS Kalinga) to promote health and wellness through the “Vizag Navy Marathon Promo cum Conditioning Programme.” The initiative will run monthly from March to October 2025 in Visakhapatnam.

The programme will feature structured fitness events, training sessions, and community engagement activities. By collaborating with the Indian Navy, Sigachi aims to encourage individuals to adopt a healthier lifestyle while strengthening public health initiatives across the region.

The MoU was signed by Amit Raj Sinha, MD & CEO of Sigachi Industries, and Cmde SP Patel of INS Kalinga on March 10, 2025. This partnership highlights Sigachi’s commitment to social responsibility and long-term wellness promotion in the community.

Recent news on Sigachi Industries:

As of January 20, 2025, Sigachi Industries Ltd reported a 32.52% rise in consolidated net profit to ₹21.35 crore in Q3 FY25, with revenue growing 25.66% to ₹139.41 crore, driven by higher material costs and employee benefit expenses.

Stock performance of Sigachi Industries for Period of 1 week, 6 months, and 1 year:

Over the past week, Sigachi Industries Ltd witnessed a decline of 6.97%. Over six months, the stock dropped 32.6%, while the one-year performance showed a 32.8% decline, reflecting ongoing market challenges and volatility in the company’s trajectory.

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Shareholding pattern of Sigachi Industries:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	44.70%	44.70%	45.40%
FII	0%	1.60%	1.60%
DII	0.00%	0.00%	0%
Public	55.10%	53.70%	53.00%

About Sigachi Industries:

Sigachi Industries Ltd (NSE: SIGACHI) is a global pharmaceutical leader specializing in APIs, intermediates, excipients, and vitamin-mineral blends. With 36 years of expertise, it operates five facilities and serves 65+ countries, ensuring innovation, quality, and regulatory compliance.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.