Fredun Pharmaceuticals moved higher on the BSE after announcing that its wholly owned subsidiary, Fredun Retail (FRPL), has acquired a controlling interest in pet care services brand One Pet Stop. The stock is currently trading at RS 837.75, up by RS 7.30 or 0.88% from its previous close of RS 830.45.

The scrip opened at RS 844.90 and has touched a high and low of RS 844.90 and RS 830.05 respectively. A total of 2,422 shares have been traded on the counter so far.

A BSE group 'X' stock with a face value of RS 10, Fredun Pharmaceuticals has recorded a 52-week high of RS 904.00 (on July 30, 2024) and a low of RS 635.00 (on January 16, 2025). Over the past week, the stock has traded between RS 796.00 and RS 844.90. The company’s current market capitalisation stands at RS 395.68 crore.

The promoter holding in the company is 48.93%, with institutions holding 1.59% and non-institutional investors 49.48%.

The acquisition of One Pet Stop marks Fredun’s strategic entry into the organized pet care services sector, aligning with its broader goal of becoming a comprehensive healthcare provider across both human and animal wellness domains. One Pet Stop boasts a loyal customer base of over 4,000 pet owners and offers personalized, tech-enabled services via a mobile app for grooming bookings, appointment tracking, and pet healthcare reminders.

This move strengthens synergies with Fredun’s Freossi brand, known for its premium pet grooming products. By integrating One Pet Stop’s B2C service model with its manufacturing and distribution network, Fredun aims to scale its pet care operations, particularly across high-consumption urban markets such as the MMRDA region.