FDC stock up after receiving GMP certification from UK drug regulator

Shares of FDC hit a 52-week high at Rs222 on the BSE after the company received good manufacturing practice (GMP) certificate from UK drug regulator for its Goa plant.

The company has received GMP certificate and it continues with its approved status from UK MHRA (Medicines and Healthcare Products Regulatory Agency), for two of its Oral Solid Dosage form facilities situated at L-56/57 and L-121 in Verna, Goa, based on recent Good Manufacturing Practice (GMP) inspection held at the said Plants,” the company said in the filing on Thursday post-market hours.

Stock view:
FDC Ltd is currently trading at Rs218.20, up by Rs7.5 or 3.56% from its previous closing of Rs210.70 on the BSE.

The scrip opened at Rs217 and has touched a high and low of Rs222 and Rs215 respectively.

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