Anuh Pharma at a new high

A small cap pharma company, apart of the Eskay (SK) group, Anuh Pharma has hit a new high today at Rs.770 with an over four times jump in volumes. It continues to remain firmly in the green, up almost 16.5%

The stock hit the roof after the company announced yesterday that the Board will be meeting on the 12th of June to consider issue of bonus shares.

The company had ended Q4FY15 with a 17% (YoY) drop in net profit at Rs.5 crore on a 8% fall in net sales at Rs.71 crore. But it ended FY15 on a much better note with net profit coming in at Rs.22 crore, up 29%.

The company’s reserve stands at a hefty Rs.97 crore and the equity is tiny at Rs.4.18 crore. Thus bonus makes perfect sense.

Promoters held 64.99% stake at end of FY15, with neither an FII or an DII holding a single share in the company.