Small-cap pharma stock Sigachi Industries witnessed a decent gain of about 2 per cent in morning trade on the BSE on Friday, June 13, despite the stock market crash. Sigachi Industries’ share price opened at ₹56.50 against its previous close of ₹57.44 and rose 1.74 per cent to an intraday high of ₹58.44. On the other hand, equity benchmark Sensex crashed more than 1,300 points during the session.

The stock rose after the company announced it had received the official guidelines from the State Environment Impact Assessment Authority (SEIAA), Andhra Pradesh, for its facility in the Kurnool district.

“Sigachi Industries, a leading player in pharmaceutical excipients and active ingredients, has received the Terms of Reference (ToR)…