Thursday 10 May 2018

Stock Market Corner


Daily Newsletter
Stock Corner:

1.                   USFDA inspections undergoing at Indoco’s Patalganga plant, Lupin’s Nagpur plant, and JB chemicals Panoli plant, indicate media reports. These media reports also suggest that Sun Pharma’s Panoli plant has been cleared by USFDA.


2.                   Unichem Labs receives ANDA approval from US FDA for Valsartan Tablets, USP. These are used to treat high blood pressure and congestive heart failure.
3.                   Arvind has reported 18 percent jump in its Q4 (Jan-March) net profit to Rs 115.47 crore on the back of better operational performance. The company had posted net profit of Rs 97.71 crore in March 2017.
4.                   ABB India today posted 13.9 per cent rise in profit to Rs 102.49 crore for the first quarter ended March of 2017-18. The company had posted a profit of Rs 89.98 crore in the year-ago period.
5.                   Tata Motors added 3.4 percent intraday Wednesday as company's wholly owned subsidiary Jaguar Land Rover (UK) has posted robust sales numbers in April 2018. Jaguar Land Rover reported total retail sales of 45,180 vehicles in April 2018, up 11.9 percent year-on-year.



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