Natco Pharma Share Price News: Stock of Natco Pharma is in focus on Tuesday (i.e. on April 23, 2024) after the US Food and Drug Administration (USFDA) pulled up the Nifty Pharma company for various violations at the finished pharmaceuticals plant located at Kothur Village in Telangana.
Stock of Natco Pharma Limited climbed less than one per cent on Tuesday at the time of opening at Rs 1013 vs the previous closure at Rs 1005.70 on NSE. Around 1 pm, shares of this pharma company traded at Rs 1014.75 apiece, up by Rs 9.05 points or 0.90 per cent. The scrip registered a high of Rs 1025 and a low of Rs 1006.95 so far. More than 2.37 lakh equity shares changed hands at the same time.
Investec has maintained a Buy rating with a hike in target price to Rs 1200 from Rs 710. The brokerage firm said that the company has the ability to generate significant EBITDA for a few years followed by a lull of 1-2 years. “Should generate significant EBITDA even post gRevlimid in FY28-FY33. With its track record, Natco could emerge as a key player in GLP-1s/peptides. Co’s steps to build a larger base business is also gaining traction,” the brokerage firm said.
Natco Pharma Limited is a constituent of the S&P BSE 500. According to BSE analytics (as of April 23, 2024), shares of Natco Pharma Limited gained by 2.76 per cent and 2.49 per cent in the last 1 week and 2 weeks, respectively. Shares of the company also up by 6.58 per cent and 20.98 per cent in the last 1 month and 3 months, respectively. On a YTD basis, shares of the pharma company rose by 24.07 per cent. In the past 1 year, 2 years, 3 years, 5 years and 10 years, shares of the company jumped by 78.22 per cent, 28.99 per cent, 15.50 per cent, 89.23 per cent and 506.29 per cent, respectively.
This year, Natco Pharma announced a dividend of Rs 1.25 with an ex-date on February 26. Last year, the pharma company declared dividends thrice of Rs 1.25, Rs 7 and again Rs 1.25 with an ex-date on February 21, August 22 and November 24, respectively. Similarly, in 2022, the company announced dividends of Rs 2, Rs 3.5 and Re 0.75 with an ex-date on February 24, August 19, and November 21, respectively. The company announced its first dividend of Rs 1.25 with an ex-date on November 12, 2007.