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Morepen begins commercial supplies under ₹825 crore CDMO contract

after close1 source ↓written by the desknot a recommendation

Contract Development
₹825 crore
valued
₹50 crore

Morepen Laboratories has started commercial supplies under its ₹825 crore Contract Development and Manufacturing Organization (CDMO) agreement. The first dispatch, valued at ₹50 crore, marks a key transition to full-scale execution after successful validation and readiness phases. This milestone positions Morepen for long-term global manufacturing partnerships.

The commencement of supplies may enhance investor confidence and drive future growth prospects for the company.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 7 Jul 2026, 16:06 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

MOREPENLAB closed −3.6% on the day of the news, from ₹61.19 to ₹58.96; Nifty −2.1% over the same session.

Bulletin at 16:06 IST on 7 Jul 2026. Every change is measured from ₹61.19, the last close before it, on 7 Jul. Nifty 50 is measured over the same sessions.

  • MOREPENLAB close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
MOREPENLAB closes around the bulletin against the close before the news, with Nifty 50 rebased to it46.3361.1976.05axis spans 64%before the news · 7 Jul61.19Nifty 50MOREPENLABbulletinD0+1+3+51 Jul13 Jul22 JulReference close ₹61.19. 16 sessions from 1 Jul to 22 Jul; the price axis spans 64 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before7 Jul₹61.19basebase
On the day8 Jul₹58.96▼ −3.6%▼ −2.1%−1.5 pp difference
+1 session9 Jul₹60.96▼ −0.4%▼ −1.8%+1.4 pp difference
+3 sessions13 Jul₹62.29▲ +1.8%▼ −0.8%+2.6 pp difference
+5 sessions15 Jul₹61.24▲ +0.1%▼ −1.3%+1.4 pp difference
Gap at the open, % · ₹
▼ −1.2%−0.71 on 8 Jul
Day's range, % · ₹
6.2%≈ 3.8 high to low
Volume on the day
0.61×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
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