Shares of Sigachi Industries have shown remarkable resilience in the face of a declining stock market, making headlines on Tuesday, April 1st. Despite concerns stemming from recent share pledge announcements by a promoter group member, the small-cap stock priced under ₹50 managed to climb higher. Opening at ₹35.14, closely matching its previous close of ₹35.13, Sigachi Industries surged to a daily peak of ₹36.56, marking a noteworthy increase of 4%.

Year-to-Date Performance

However, it’s important to note that the stock is still battling significant year-to-date (YTD) hurdles, reflecting a 28% decline. This drop in value underscores the challenges facing the pharmaceutical sector, particularly amid ongoing fears regarding the potential impact of US tariffs under the administration of former President Donald Trump.

By 1 PM, shares of Sigachi Industries were trading at ₹36.30, representing a 3.33% increase, even as the larger market, represented by the BSE Sensex, faced a substantial plunge of 1,300 points (or 1.73%), settling at 76,072.

Promoter Pledge Insights

In a recent disclosure filed with the BSE, Dharani Devi Chidambaranatham, a member of the promoter group, revealed the establishment of a pledge on 9,10,000 shares of Sigachi Industries, which accounts for 0.23% of the company’s equity. This pledge, created on March 25, was made in favor of Suman Gandhi for personal purposes. Prior to this pledge, Chidambaranatham held a total of 74,36,250 shares, equating to a 1.95% stake in the company.

Commitment to Innovation

Looking ahead, Sigachi Industries is making significant strides in its research and development (R&D) capabilities. In February 2025, the company announced ambitious plans to establish a cutting-edge R&D center in Hyderabad. This initiative aims to consolidate its API developments and analytical efforts under one roof.

The company is set to invest up to USD 1 million in this state-of-the-art facility, with operations expected to commence shortly. This strategic move highlights Sigachi’s commitment to fostering innovation, long-term growth, and operational efficiency.

Summary

In summary, despite the external pressures and the recent share pledge incident, Sigachi Industries continues to demonstrate resilience in the stock market. As the company focuses on enhancing its R&D capabilities, it remains poised for potential growth in the evolving pharmaceutical landscape. Investors should keep a close eye on developments in both market conditions and company initiatives moving forward.