Amid pandemic share market is on low, Pharma companies stocks are hitting high

Mumbai: The Corona crisis has created havoc to human life but it has also proved to he good for few investors. The increase in price of shares and stocks have benefited these investors. The  stock market is still about 10 percent below its January high. March month witnessed biggest decline in share market due to Corona. After the lower circuit on 23 March, the market still  to be strong.

Though market being down few stocks have seen great boom such as  pharma company Aarti Drugs. The company has rewarded its investors with returns in the last 5 months. Since last March, Aarti Drugs have given 7 times returns.

On Friday, August 21,  the stock price w

was up by 10 per cent at Rs 3122.75 on BSE. While in the Nifty it closed at Rs 3133.70.  There was an upper circuit in the shares of Aarti Drugs. One reason for the Upper Circuit on was, the company announced to give 3 bonus shares on every fully paid up equity share.

Eventually all the pharmaceutical companies have seen increasing their share as coronavirus has demanded for medicines and other surgical products. There was drop in share market on 23 March 2020 but the share price of Aarti drugs reached 3133 Rs from 421 Rs.

This means, shareholder who bought shares worth one lakh, earned around 7 lakh on the same day. Within 5 months the stock gave 7 times more returns.  Last week, this share has given 47% of return.

In the first quarter of FY 2020-21, the company’s profit grew by 280.62 percent amounting it to Rs 85.45 crore.m

Aarti Drugs is a pharma company that provides Active Pharmaceutical Ingredients (API)s n the anti-inflammatory, anti-fungal, antibiotic, antidiabetic and vitamin categories.