Small-cap stock under ₹100: Sigachi Industries shares rise after THIS Capex update
The small-cap stock opened at ₹ 54.90 apiece on Wednesday, as compared to previous close of ₹ 54.72. At 9:35 am, Sigachi Industries shares climbed to ₹ 55.62, however, the stock gave up the gains, touching an intraday low to ₹ 54.52.
Pharma company said on June 18 that the company has officially opened its new R&D Center in Hyderabad—an advanced facility designed to accelerate the development of critical APIs and enhance in-house analytical capabilities.
The facility is poised to play a key role in advancing Sigachi's innovation roadmap and enhancing its responsiveness to global regulatory demands, the company said in a release.
'This R&D Center is a strategic asset that will significantly strengthen our development capabilities and enable us to respond swiftly to market needs, it reflects our focus on building operational depth and creating long-term value for our customers, partners, and stakeholders in an evolving global pharmaceutical environment," said Amit Raj Sinha, Managing Director and CEO of Sigachi Industries.
In a press release, the company said -
The Hyderabad R&D Center is designed to: Strengthen API development and regulatory alignment by integrating advanced systems for seamless synthesis, analytics, and global filings, fuel pipeline growth through targeted investment of up to USD 1 million to support priority APIs and complex intermediates, focus resources effectively by aligning the pharma product portfolio to strategic therapeutic segments, and empower a high-impact research team to lead development efforts for global markets.
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Business Standard
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