Announced Fri, 24 Jul · 20:42 IST
Temporary halt of Ahmedabad plant ops due to Gujarat floods
Capex & Operations View source PDF
PPLPHARMA · price
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Price reaction · full curve 14 horizons · vs prior close
+6.8%1-day move
₹181.21
prior close
₹180.75
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.1+1.5+1.6+2.4+6.8—————————
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AI summary
Piramal Pharma temporarily suspended operations at its Ahmedabad manufacturing facilities in PHARMEZ due to heavy rainfall and flooding in Gujarat. All employees are safe. Assets are covered by insurance. These facilities contribute less than 3 percent of consolidated revenues. Operations expected to normalize over the next few days as weather improves. Impact on assets and operations is being assessed.
Likely market impact
Minimal near term impact as affected unit is under 3 percent of revenues. Insurance covers assets. Watch for further updates on financial implications.