Introduction:
Leading pharmaceutical company has announced the establishment of a state-of-the-art R&D center in Hyderabad, India, with an investment of up to USD 1 million. This initiative aims to enhance API development, optimize production, and accelerate innovation to support long-term growth.
Also Read: Stock jumps 4% after it receives order for cylinders from PSU company
Share price movement of Sigachi Industries:
On February 4, 2025, Sigachi Industries Ltd opened at ₹46.38, up 0.23% from its previous close of ₹45.47. The stock reached a high of ₹47.00 (3.37%) and a low of ₹44.80. By 1:12 PM, it traded at ₹44.98, a 1.08% decrease, with a market cap of ₹1,499.85 crore.
Sigachi Establishes R&D Facility in Hyderabad:
Sigachi Industries Limited has announced the establishment of a state-of-the-art R&D center in Hyderabad, India, with an investment of up to USD 1 million. This initiative aims to enhance API development and analytical efforts under one roof.
The new R&D facility will integrate advanced systems for optimizing API production, adhering to global regulatory standards. Sigachi plans to fuel growth by expanding its pipeline and accelerating innovation to meet international quality benchmarks.
With a team of 15-20 skilled scientists, the facility will streamline the company’s portfolio and support the development of new molecules. The investment underscores Sigachi’s commitment to long-term growth and market leadership.
Recent news on Sigachi Industries:
As of January 18, 2025, Sigachi Industries Limited reported a 32.53% increase in net profit, reaching ₹21.35 crore for Q3 FY25. Sales rose by 25.66%, amounting to ₹139.42 crore, reflecting strong growth compared to the previous year.
Stock performance of Sigachi Industries for Period of 1 week, 6 months and 1 year:
Sigachi Industries Limited has faced a decline of 1.60% over the past week. Over the last six months, its return dropped by 26.8%, and the one-year return stands at a significant negative 42.8%, reflecting ongoing challenges in performance.
Also Read: Blue chip stock jumps 3% after it expansion project worth nearly ₹10,000 Cr
Shareholding pattern of Sigachi Industries:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 44.70% | 44.70% | 45.40% |
| FII | 0.20% | 1.60% | 1.60% |
| DII | 0% | 0% | 0% |
| Public | 55.10% | 53.70% | 53.00% |
About Sigachi Industries:
Sigachi Industries Ltd (NSE: SIGACHI) is a leading global manufacturer of Microcrystalline Cellulose, with multi-locational facilities in Telangana and Gujarat. The company is recognized for its high-quality production and strong presence in the global market.
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.
