Trending stocks: Ajanta Pharma share price jumps 5%

NEW DELHI: Shares of Ajanta Pharma traded 4.99 per cent up in Thursday's trade at 11:05AM (IST). Around 28,668 shares changed hands on the counter.

The stock opened at Rs 1500.1 and touched an intraday high and low of Rs 1571.0 and Rs 1491.5, respectively, in the session so far. Shares of the company of Ajanta Pharma Ltd. quoted a 52-week high of Rs 1578.1 and a 52-week low of Rs 840.0.

Total market cap of the Ajanta Pharma Ltd. stood at Rs 13211.36 crore at the time of writing this report.


Ajanta Pharma on Wednesday reported a 45 per cent rise in its consolidated net profit to Rs 129.16 crore for the quarter ended March 31, mainly on account of robust sales in all markets.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 9.25 per cent stake in the company, while foreign institutional investors held 8.91 per cent and the promoters 70.51 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 28.25 and a price-to-book ratio of 5.89. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Ajanta Pharma Ltd. belongs to the Pharma - Indian industry.