Makers Laboratories share price rose 2 percent in the early trade on October 5 after the company's manufacturing facility received good manufacturing practices (GMP) certification.
At 09:22 am, Makers Laboratories was quoting at Rs 108.00, up Rs 2.00, or 1.89 percent on the BSE.
The company's ophthalmic eye drops manufacturing facility situated at GIDC, Naroda, Ahmedabad, received the Eurasian Economic Union (EAEU) RU Good manufacturing practice (GMP).
The said facility was inspected by the Ministry of Industry and Trade of the Russian Federation between May 16 and May 19.
With this GMP certification, the company can now file its ophthalmic eye drop formulation dossiers in Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan.
Post dossier registration, the company proposes to market the ophthalmic eye drops manufactured at the said manufacturing facility in these countries thru marketing partner(s).
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The share touched a 52-week high of Rs 153.00 and a 52-week low of Rs 94.00 on 06 October, 2022 and 02 June, 2023, respectively.
Currently, the stock is trading 29.41 percent below its 52-week high and 14.89 percent above its 52-week low.
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