The last two years saw limited physical inspections due to travel restrictions during the pandemic
Plant's OAI status is unchanged, hinting at status quo; Sun Pharma says will respond to observations within 15 days
The recent price hike, analysts said, brings some respite for the industry facing multiple headwinds such as steep raw inflation, price erosion in the US market and higher freight costs.
Among individual stocks, Aurobindo Pharma was the top gainer, which rallied 8 per cent to Rs 688.90 on the BSE in intra-day trade.
The technical analyst expects the Nifty to turn bearish below 16,555; whereas on the upside sees resistance around 16,927 and 17,040 levels.
Sun Pharma announced that its subsidiary Taro Pharmaceuticals USA Inc has completed the acquisition of subsidiary companies of Galderma
Industry captains feel pandemic has opened up opportunities for the sector in India to emerge as a second source of raw material and finished products, after China
Stocks like Sun Pharma, Dr.Reddy's and others having exposure to Europe are likel to be in focus as the Russia-Ukraine crisis deepens.
In Q3, the company has witnessed stronger growth than anticipated in the US, Emerging Markets and RoW.
The management said the company achieved a sustained momentum and good growth across businesses; despite rising costs, achieved higher profitability.
In Q3, the revenue from specialty products came in at $183 million, up 21 per cent YoY
Total revenue from operations rose to Rs 9,863 cr in the third quarter as compared to Rs 8,836.7 cr in the same period of previous fiscal
In Q3FY22, Taro's EBITDA margins improved 108 bps year-on-year (YoY) to 31.3 per cent mainly due to better gross margins.
Major stocks have broken out on upside, any trigger in Budget 2022 could see sharp up move
The better traction in the specialty segment and improvement in domestic business to drive the margin expansion in Q3.
Stocks like Asian Paints, Astral, Balrampur Chini, Birlasoft, Carborundum Universal, eClerx, Infosys, Max Healthcare, Tube Investments and Torrent Pharma and others are trading at life-time highs
Year 2020 may see up to 20 per cent jump in these stocks, as the chart formations reveal higher interest of market players in these counters
Anti-covid drug approval, new facility are the near term triggers for the pharma firm's stock
Sun Pharma, Cipla, Natco, Dr Reddy's, Torrent Pharma, Aurobindo Pharma and Strides have launched a generic version of Molnupiravir in India post approval for emergency use authorisation from DCGI
The underneath strength, preferably read as price action, has been able to hold ground around the major neckline supports for these stocks