Recently, while 26 workers at Cadila Pharmaceuticals facility in Ahmedabad tested positive for Covid-19, one person at Sun Pharma's Halol plant tested positive.
Strides Pharma Science, Alkem Laboratories, Ajanta Pharma, Lupin, Ipca Laboratories, Jubilant Life Sciences and FDC were up in the range of 5 per cent to 10 per cent on the BSE
The stock was trading close to its 52-week high of Rs 480, touched on April 10, 2019
Earlier in December, the plant had been issued Form 483 by USFDA with eight observations
From RBI offering $2-bn swaps to Tata Sons buying group firms' shares, here are the top 10 business headlines for the day
The drugmaker announced that its board will meet on Tuesday, March 17, 2020 to consider the buyback of company's shares
Analyst say more promoters likely to seek ways to cushion share price
The near-term worry for the company is the ongoing investigation by the US Department of Justice related to price fixing and cartelisation by generic companies
According to CARE Ratings, pharma exports from India are estimated to rise by about 11 to 12 per cent on a year on year.
Allegations of fund diversion not confirmed
For Sun Pharma, keep a stop at 407 and go short
Balkrishna Industries is currently hovering in a range while holding strong above the support zone of 20 EMA on the daily charts
The company's India sales posted 13% growth
The company had posted a net profit of Rs 1,241.85 crore for the corresponding period of the previous fiscal
A total of 135 companies are scheduled to announce their December quarter earnings today including Eicher Motors, Hero MotoCorp, Sun Pharma, and RITES
On the corporate earnings front, Bharti Airtel, Lupin, Sun Pharma, and Mahindra & Mahindra are among the major companies scheduled to declare their October-December results this week
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Lupin, Sun Pharmaceutical, Cadila Healthcare, Aarti Drugs and Aurobindo Pharma were up in the range of 2 per cent to 3 per cent.
Dilip Shanghvi, the Sun Pharma promoter has 23% in renewable power firm that has failed to get debt recast plan
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor