Aurobindo Pharma shares in focus after fire at Andhra Pradesh facility; operations paused for 20-25 days
The fire, which occurred around 10 PM IST, affected the coal crusher area, damaging some ancillary equipment. However, the core manufacturing infrastructure remained unaffected, and no injuries were reported.
"On April 27, 2025, at approximately 10:00 PM (IST), a fire incident occurred in the vicinity of the coal crusher area at our Penicillin-G manufacturing facility located in Kakinada SEZ, Thondangi (M), Kakinada District - 533449, Andhra Pradesh, India," Aurobindo Pharma said in a regulatory filing.
The company clarified that the incident is not expected to have a material impact on operations or financials. A thorough damage assessment is underway, and as a precautionary measure, plant operations will be paused for an estimated 20–25 days to replace damaged equipment.
The fire, caused by the self-ignition of coal, is under investigation. Aurobindo Pharma assured that the facility is fully insured and that it remains committed to resuming operations as soon as possible, in compliance with safety and quality standards.
This facility belongs to Aurobindo’s wholly-owned step-down subsidiary, Lyfius Pharma Private Limited.
Aurobindo Pharma Share Price Target
According to Trendlyne data, the average target price for Aurobindo Pharma is Rs 1,471, suggesting an 18% upside from current levels. Among 28 analysts, the consensus rating is 'Buy'.From a technical standpoint, the stock’s Relative Strength Index (RSI) stands at 62.1, indicating it is neither oversold nor overbought (RSI below 30 is considered oversold, and above 70, overbought).
The Moving Average Convergence Divergence (MACD) is at 12.3, above its center and signal line, signaling a bullish trend.
The stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, and 100-day simple moving averages (SMAs), but below its 150-day and 200-day SMAs.
Also Read: Jio Financial Services, Polycab among 10 largecap stocks where FIIs cut stakes in Q4 FY25Aurobindo Pharma Share Price Performance
On Monday, Aurobindo Pharma shares closed 2.4% higher at Rs 1,246.7 on the BSE. The stock has gained 10% over the last three months and 102% over the past two years. Its current market capitalization stands at Rs 72,411 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Comments
Post a Comment