orchid pharma stock returns 2021: Pharma stock Orchid Pharma has also outperformed options like Bitcoin in terms of returns.
Orchid pharma share price:
Pharma stock Orchid Pharma has also outperformed options like Bitcoin in terms of giving returns. The shares of the company have again got an upper circuit of 5 per cent and it has reached the price of Rs 1245. Orchid Pharma shares have received around 6900 per cent returns during the last 4 months. On November 3, the stock which was priced at Rs 18, its price has now increased to Rs 1245. During this period, Bitcoin has received 203 percent return. At the same time, in 4 months, the BSE benchmark Sensex gave about 27 per cent returns. The special thing is that the bankrupt company Orchid Pharma was re-listed in the stock market on November 3 last year.
Listing was done again in the market
After being declared bankrupt, Orchid Pharma was bought by Dhanuka Lab under NCLT’s resolution plan and was listed again on the stock exchange on November 3, 2020. Since then, there has never been a drop in the company’s shares. The special thing is that from the day of its relisting till now, the company’s stocks have been having an upper circuit for most of the day. On Monday too, the stock closed at Rs 1186 with a 5% upper circuit.
69 lakhs made out of 1 lakh
Since November 3, 2020, the stock has gained nearly 69 times till now. The share of 18 rupees became 1245 rupees during this period. In this way, the investment of 1 lakh rupees of investors has become 69 lakh rupees in just 4 months.
Market cap increased to Rs 4,840.83 crore
The company’s revenue in the December quarter of the current financial year was Rs 102.63 crore and it has a loss of 45.33 crore. Whereas in the December quarter of FY 2019, the company had a loss of Rs 34.75 crore. While the revenue was Rs 128.58 crore. The market cap of Chennai based pharma company has increased to 4,840.83 crore.
Dhanuka Lab share 98.04%
Dhanuka Lab holds 98.04 per cent stake in Orchid Pharma. Financial institutions hold 1.19 per cent and retail investors own only 0.5 per cent of the company. Due to this shortage of the company’s stocks, its prices have skyrocketed. Let me tell you that the same case was also seen with Patanjali’s company Ruchi Soya. When the Ruchi Soya was listed again, its price in February 2020 was only Rs 21.55 which reached Rs 1,519.55 on 26 June.
