Shasun Pharma shares plunge 8 pc
A strike was resorted by the workers at the company's Puducherry facility that manufactures API, on June 15 2013, Shasun Pharma had said yesterday.
By PTI | Updated:
MUMBAI: Shares of Shasun Pharmaceuticals today plunged by 8 per cent as the company's operations at its Puducherry facility have been affected due to strike by workers.
The stock failed to sustain early gains and tanked 13.14 per cent to 52-week low of Rs 55.50 in intra-day trade on the BSE. It finally ended at Rs 59.75, down 6.49 per cent from its previous close.
At the NSE, the scrip settled at Rs 59, down 8.03 per cent.
The market capitalisation of the drug firm fell by Rs 32 crore to Rs 329 crore.
A strike was resorted by the workers at the company's Puducherry facility that manufactures active pharmaceutical ingredient (API) and formulation, on June 15 2013, Shasun Pharmaceuticals had said yesterday.
"The company is doing the needful to resume operations at the earliest," it added.
Meanwhile, in the stock market, the BSE benchmark Sensex ended the day at 19,223.28, down 102.59 points.
The stock failed to sustain early gains and tanked 13.14 per cent to 52-week low of Rs 55.50 in intra-day trade on the BSE. It finally ended at Rs 59.75, down 6.49 per cent from its previous close.
At the NSE, the scrip settled at Rs 59, down 8.03 per cent.
The market capitalisation of the drug firm fell by Rs 32 crore to Rs 329 crore.
A strike was resorted by the workers at the company's Puducherry facility that manufactures active pharmaceutical ingredient (API) and formulation, on June 15 2013, Shasun Pharmaceuticals had said yesterday.
"The company is doing the needful to resume operations at the earliest," it added.
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Meanwhile, in the stock market, the BSE benchmark Sensex ended the day at 19,223.28, down 102.59 points.
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