The drug major, which has presence in around 150 countries, caters to various various segments like psychiatry, anti-infectives, neurology, cardiology, oncology, among others
Wipro's stock has provided breakout from a symmetrical triangle formation on the daily chart with higher than average volumes
Nod for Ilumya, a specialty product, would strengthen firm's dermatology portfolio in Japan, but analysts caution that the segment has been witnessing price erosion of late
The stock prices, however, dropped by 3.3 per cent on the BSE at the end of day's trade
One of the company's wholly-owned subsidiaries and Hikma Pharmaceuticals have entered into the agreement for Ilumya, Sun Pharma said in a filing to BSE
This is the first phytopharmaceutical drug (plant based) that the country's drug regulator has approved for clinical trials for Covid-19.
The stock's primary trend is positive and its price is trading above 200-day SMA
At present there are three clinical trials underway to test nafamostat in Covid19 patients around the world
Sun Pharma it has initiated manufacturing of the active pharmaceutical ingredient and the finished product of the drug using technology from its unit, Pola Pharma Japan.
The Bajaj group is the only one on the list of 12 conglomerates to be down - 1 per cent - since the lockdown came into effect, thanks to the hammering of stocks of non-banking financial companies.
Pricing pressure in US, lockdown may dent near-term prospects
Net profit, too, saw a 37 per cent YoY fall to Rs 399.8 crore, against estimates of Rs 950-1,000 crore.
Revenues in the US market, its largest geography, came in at $375 million down 15 per cent, though the year ago period had a high base due to a one-time contribution of specialty products
The company had posted a net profit of Rs 635.88 crore in the same period previous fiscal, Sun Pharma said in a BSE filing
Today, a total of 21 companies, including Dabur India, Sun Pharma, and United Spirits are scheduled to announce their results.
Medical devices industry has potential to attract Rs 70,000 crore in 5 years
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
At present, traders are advised to stay light and should ideally continue focusing on individual stocks
For HUL's stock, the bias has improved a lot and the stock has the potential to rise further
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor