THIS company’s shares gain despite tensions in the Middle East | Check details here
New Delhi: A day after plunging around 7 per cent, Shares of pharma company Sigachi Industries Ltd., India’s largest producer of Microcrystalline Cellulose (MCC), rebounded on Wednesday, June 18, 2025, even as the market remained volatile as investors turned cautious amid tensions in the Middle East. The counter opened in the red with a slight loss at Rs 54.75 against the previous close of Rs 54.82 on the BSE. The stock gained to touch the intraday high of Rs 56.15. On the NSE, the stock started trading at Rs 54.68 and touched a high of Rs 56.22. The stock of Sigachi Industries had tanked 6.88 per cent in the last trading session.
The stock has a 52-week high of Rs 69.75, indicating the highest price the stock has reached in the past year, and a 52-week low of Rs 34.51, which is the lowest price the stock has reached in the same period. The market cap of the company is Rs 1,797.28 crore.
Share Price History
According to the BSE Analytics, the company has given a multibagger return of Rs 115 per cent in two years. However, it has corrected around 15 per cent in one year.
Sigachi Industries new R&D center
Sigachi Industries has informed exchanges that it has inaugurated its state-of-the-art Research and Development (R&D) Centre in Hyderabad. This new facility is equipped with the latest technology and is expected to play a crucial role in the company’s future product development and innovation strategies.
With the inauguration of its advanced Research and Development (R&D) Centre in Hyderabad, Sigachi Industries has taken a significant step towards accelerating product development and fostering long-term growth in regulated markets. This milestone, as stated in an exchange filing, underscores Sigachi’s commitment to innovation and expansion.
Meanwhile, Foreign Institutional Investors (FIIs) bought equities worth Rs 1,482.77 crore on Tuesday, according to exchange data. This significant investment from FIIs could indicate growing confidence in Sigachi Industries. Domestic Institutional Investors (DIIs) also bought equities worth Rs 8,207.19 crore in the previous trade, further boosting the company’s stock performance.
While the US markets closed lower on Tuesday, there are signs of optimism in the Asian markets. South Korea’s Kospi and Japan’s Nikkei 225 index are trading in the positive territory, offering a glimmer of hope. However, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng are quoting lower, indicating a mixed market sentiment.
US markets ended lower on Tuesday. Global oil benchmark Brent crude climbed 0.44 per cent to USD 76.79 a barrel.
News