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Petronet LNG tumbles on foreign brokerage downgrade reports
Sep 07,2016

Meanwhile, the S&P BSE Sensex was up 26.36 points or 0.09% at 29,004.38.

On BSE, so far 2.49 lakh shares were traded in the counter as against average daily volume of 73,570 shares in the past one quarter. The stock hit a high of Rs 357.35 and a low of Rs 338.65 so far during the day. The stock had hit a record high of Rs 366.30 yesterday, 6 September 2016. The stock had hit a 52-week low of Rs 169.35 on 28 September 2015. The stock had outperformed the market over the past one month till 6 September 2016, advancing 14.82% compared with 3.2% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 32% as against Sensexs 8.22% rise.

The large-cap company has equity capital of Rs 750 crore. Face value per share is Rs 10.

The foreign brokerage reportedly said the Petronet LNG stock is fully pricing in a big recovery. The brokerage sees low chances of any significant earnings surprise from the company.

Petronet LNGs net profit surged 54.8% to Rs 377.86 crore on 37.9% decline in net sales to Rs 5108.95 crore in Q1 June 2016 over Q1 June 2015. The result was announced on 5 September 2016, during which the stock market was closed on account of Ganesh Chaturthi. The stock had risen 0.91% to settle at Rs 356.40 yesterday, 6 September 2016.

Petronet LNG was formed as a joint venture by the Government of India to import liquified natural gas (LNG) and set up LNG terminals in the country.

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Chennai Petroleum Corp drops after weak Q1 numbers
Sep 07,2016

The result was announced after market hours yesterday, 6 September 2016.

Meanwhile, the S&P BSE Sensex was up 31.95 points or 0.11% at 29,009.97.

On BSE, so far 3.90 lakh shares were traded in the counter as against average daily volume of 3.17 lakh shares in the past one quarter. The stock was volatile. The stock rose as much as 2.19% at the days high of Rs 312 so far during the day, which is a 52-week high for the counter. The stock lost as much as 3.19% at the days low of Rs 295.55 so far during the day. The stock had outperformed the market over the past one month till 6 September 2016, advancing 4.68% compared with 3.2% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 54.39% as against Sensexs 8.22% rise.

The mid-cap company has equity capital of Rs 149 crore. Face value per share is Rs 10.

State-run public sector oil marketing firm Indian Oil Corporation (IOC) holds 51.89% stake in Chennai Petroleum Corporation as per the shareholding pattern as on 30 June 2016.

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Nitin Fire Protection gains on fund raising plan
Sep 07,2016

Meanwhile, the BSE Sensex was up 28.88 points, or 0.10%, to 29,006.90.

On BSE, so far 3.25 lakh shares were traded in the counter, compared with average daily volume of 1.70 lakh shares in the past one quarter. The stock hit a high of Rs 30.40 and a low of Rs 29.25 so far during the day. The stock hit a 52-week high of Rs 51.10 on 7 December 2015. The stock hit a 52-week low of Rs 22.85 on 16 August 2016. The stock had outperformed the market over the past 30 days till 6 September 2016, rising 3.78% compared with 2.82% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 8.13% as against Sensexs 7.24% rise.

The small-cap company has equity capital of Rs 58.45 crore. Face value per share is Rs 2.

The proposed qualified institutional placement (QIP) of shares will be subject to the approval of the shareholders at the upcoming annual general meeting (AGM) on 30 September 2016.

The board of Nitin Fire Protection Industries, which met yesterday, 6 September 2016, also considered the companys consolidated Q1 June 2016 results. On a consolidated basis, net profit of Nitin Fire Protection Industries rose 35.72% to Rs 28.19 crore on 3.62% rise in net sales to Rs 350.14 crore in Q1 June 2016 over Q1 June 2015.

Nitin Fire Protection Industries provides fire detection and fire suppression systems, and manufactures fire extinguishers.

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Bhel slips after ratings downgrade
Sep 07,2016

The announcement was made during trading hours today, 7 September 2016.

Meanwhile, the BSE Sensex was down 10.32 points, or 0.04%, to 28,967.70.

On BSE, so far 3.59 lakh shares were traded in the counter, compared with average daily volume of 8.03 lakh shares in the past one quarter. The stock hit a high of Rs 138.25 and a low of Rs 134.50 so far during the day. The stock hit a 52-week high of Rs 219.70 on 27 October 2015. The stock hit a 52-week low of Rs 90.40 on 29 February 2016. The stock had underperformed the market over the past 30 days till 6 September 2016, falling 1.25% compared with 2.82% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 13.96% as against Sensexs 7.24% rise.

The large-cap company has equity capital of Rs 489.52 crore. Face value per share is Rs 2.

Bhel said that India Ratings and Research has, simultaneously, removed all ratings from Rating Watch Negative (RWN) and a Negative Outlook has been assigned to all Longn++term ratings. The removal of RWN follows the completion of the ongoing evaluation of Bhels key business parameters.

According to statement issued by India Ratings and Research, decline in Bhels revenue, slown++moving projects in the companys order book, earnings before interest, taxes, depreciation and amortization (EBITDA) margins turning negative and high debtors days led to downgrade of the companys ratings.

Bhels net profit fell 59.5% to Rs 359.58 crore on 20.8% fall in net sales to Rs 9792.04 crore in Q4 March 2016 over Q4 March 2015.

Bhel is engaged in the design, engineering, manufacture, construction and testing of a wide range of products and services for power plants, transmission systems, transportation works, renewable energy units, oil and gas facilities and defence services. The company operates 17 manufacturing facilities and two repair units with a total manufacturing (As on 1 September 2016) capacity of 20,000 megawatts.

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Jindal Poly Films slides after poor Q1 earnings
Sep 07,2016

The result was announced after market hours yesterday, 6 September 2016.

Meanwhile, the S&P BSE Sensex was down 16.46 points or 0.06% at 28,961.56.

On BSE, so far 18,000 shares were traded in the counter as against average daily volume of 16,156 shares in the past one quarter. The stock hit a high of Rs 418 and a low of Rs 404 so far during the day. The stock had hit a 52-week low of Rs 355.20 on 8 September 2015. The stock had hit a 52-week high of Rs 612 on 4 November 2015. The stock had underperformed the market over the past one month till 6 September 2016, advancing 2.33% compared with 3.2% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 3.92% as against Sensexs 8.22% rise.

The small-cap company has equity capital of Rs 42.05 crore. Face value per share is Rs 10.

Jindal Poly Films is a flagship company of B C Jindal group and is engaged in diverse business activities including manufacturing of polyester film, polypropylene film, steel pipes and photographic products.

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NBCC (India) gains after winning UGC contract
Sep 07,2016

The announcement was made after market hours yesterday, 6 September 2016.

Meanwhile, the BSE Sensex was down 8.54 points, or 0.03%, to 28,969.48.

On BSE, so far 78,000 shares were traded in the counter, compared with average daily volume of 2.27 lakh shares in the past one quarter. The stock hit a high of Rs 254 and a low of Rs 249.85 so far during the day. The stock hit a 52-week high of Rs 267 on 13 July 2016. The stock hit a 52-week low of Rs 162 on 12 February 2016. The stock had underperformed the market over the past 30 days till 6 September 2016, rising 1.92% compared with 2.82% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 30.67% as against Sensexs 7.24% rise.

The large-cap company has equity capital of Rs 120 crore. Face value per share is Rs 2.

University Grants Commission (UGC), Government of India has executed memorandum of understanding (MoU) with NBCC (India) on 6 September 2016 for assigning work for construction of New UGC Building Complex at JNU Campus, New Delhi amounting to approximately Rs 270 crore.

On a consolidated basis, net profit of NBCC (India) rose 5.87% to Rs 141.48 crore on 38.8% rise in net sales to Rs 2251.14 crore in Q4 March 2016 over Q4 March 2015.

NBCC is a blue-chip Government of India (GoI) Navratna Enterprise under the Ministry of Urban Development, in construction sector. The GoI held 90% stake in the firm (as per shareholding pattern as on 30 June 2016).

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Oil India shrugs off weak Q1 results
Sep 07,2016

The result was announced after market hours yesterday, 6 September 2016.

Meanwhile, the S&P BSE Sensex was down 30.18 points or 0.1% at 28,947.84.

On BSE, so far 75,000 shares were traded in the counter as against average daily volume of 59,147 shares in the past one quarter. The stock hit a high of Rs 402 and a low of Rs 387.95 so far during the day. The stock had hit a 52-week high of Rs 466.70 on 9 October 2015. The stock had hit a record low of Rs 300.50 on 1 March 2016. The stock had outperformed the market over the past one month till 6 September 2016, advancing 3.84% compared with 3.2% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 10.82% as against Sensexs 8.22% rise.

The large-cap company has equity capital of Rs 601.14 crore. Face value per share is Rs 10.

Oil India has provided nil discount towards under-recoveries of downstream public sector oil marketing companies in Q1 June 2016 as against a discount of Rs 167.43 crore in Q1 June 2015.

The Government of India holds 67.64% stake in the state-run oil exploration firm as per the shareholding pattern as on 30 June 2016.

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Wipro gains after winning order
Sep 07,2016

The announcement was made before trading hours today, 7 September 2016.

Meanwhile, the BSE Sensex was almost flat at 28,978.08.

On BSE, so far 23,000 shares were traded in the counter, compared with average daily volume of 3.58 lakh shares in the past one quarter. The stock hit a high of Rs 488.80 and a low of Rs 483.60 so far during the day. The stock hit a 52-week high of Rs 613 on 1 October 2015. The stock hit a 52-week low of Rs 476 on 29 August 2016. The stock had underperformed the market over the past 30 days till 6 September 2016, sliding 12.07% compared with 2.82% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 11.21% as against Sensexs 7.24% rise.

The large-cap company has equity capital of Rs 486.16 crore. Face value per share is Rs 2.

Wipro has won the IT contract from NSB Group, one of Norways largest transportation groups. Headquartered in Oslo, NSB has extensive passenger transportation operations by way of the rail and bus, freight by rail, property management and development and train maintenance segments.

As part of the three-year agreement, Wipro will implement its Boundaryless Datacenter (BLDC) and LiVE Workspace solutions and utilize its next-generation delivery framework ServiceNXT to deliver services which will help NSB variablise their IT operations.

The proposed government-backed reforms in the Norwegian railway sector are expected to provide a fillip to the efficiency of the railways. The Wipro-enabled back-bone of IT infrastructure services will enable NSB to achieve greater flexibility, scalability, cost efficiency and offer an enhanced end-user experience.

On consolidated basis, Wipros net profit fell 8.32% to Rs 2051.90 crore on 0.32% decline in net sales to Rs 13697.60 crore in Q1 June 2016 over Q4 March 2016.

Wipro is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.

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Syngene International gains after kicking off new development center in Bangalore
Sep 07,2016

The announcement was made after market hours yesterday, 6 September 2016.

Meanwhile, the BSE Sensex was down 24.83 points, or 0.09%, to 28,953.19.

On BSE, so far 8,396 shares were traded in the counter, compared with average daily volume of 26,251 shares in the past one quarter. The stock hit a high of Rs 494.05 and a low of Rs 477.90 so far during the day. The stock hit a record high of Rs 486 on 31 August 2016. The stock hit a 52-week low of Rs 315 on 23 September 2015. The stock had outperformed the market over the past 30 days till 6 September 2016, rising 12.76% compared with 2.82% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 23.25% as against Sensexs 7.24% rise.

The mid-cap company has equity capital of Rs 200 crore. Face value per share is Rs 10.

This center, named Syngene Amgen Research and Development Center (SARC), will be Syngenes fourth such exclusive R&D center. Syngene already operates dedicated R&D centers for Bristol-Myers Squibb, Abbott Nutrition and Baxter Inc. The state-of-the-art dedicated center will be staffed by a team of more than 100 highly qualified Syngene scientists, working in close association with Amgen researchers around the world on the discovery and development of innovative medicines.

In addition to being customized to meet Amgens functional requirements, the facility complies with the highest regulatory standards. Its design includes a range of environmentally-friendly features and flexible layouts, and is configured to minimize solvent and effluent waste with a strong emphasis on laboratory safety and n++greenn++ chemistry. Syngene has partnered with Amgen in a variety of discovery and development projects. With the establishment of SARC, this association now extends into a multi-discipline collaboration spanning capabilities in medicinal and process chemistry, biologics, bioprocess, drug metabolism, pharmacokinetics, bioanalytical research, and pharmaceutical development.

Net profit of Syngene International rose 28.33% to Rs 59.80 crore on 17.92% rise in net sales to Rs 269.20 crore in Q1 June 2016 over Q1 June 2015.

Promoted by Biocon, Syngene International is a leading India-based contract research organization (CRO) offering a suite of integrated and end-to-end discovery and development services for novel molecular entities (NMEs) across industrial sectors. Biocon holds 74.55% stake in Syngene, as per the shareholding pattern as on 30 June 2016.

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Tata Motors inches up after securing orders for supply of buses
Sep 07,2016

Meanwhile, the S&P BSE Sensex was up 42.85 points or 0.15% at 29,020.87.

On BSE, so far 1.17 lakh shares were traded in the counter as against average daily volume of 9.62 lakh shares in the past one quarter. The stock hit a high of Rs 594.50 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 584.50 so far during the day. The stock had hit a 52-week low of Rs 266 on 11 February 2016. The stock had outperformed the market over the past one month till 6 September 2016, advancing 14.14% compared with 3.2% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 27.91% as against Sensexs 8.22% rise.

The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

Tata Motors in a press release issued after market hours yesterday, 6 September 2016 said it has received orders for supply of over 5,000 buses from 25 state/city transport undertakings across the country. This represents a healthy growth of over 80% plus compared to last year in the order book position of the company, Tata Motors said. Ravi Pisharody, Executive Director, Commercial Vehicle Business Unit, Tata Motors said that the company plans to execute these orders in the current financial year (FY 2017). The orders will definitely enable the company to further strengthen its leadership position in the commercial vehicles (CV) passenger space, Pisharody added.

Shares of Tata Motors were on a roll. The stock rallied 19.86% in eight trading sessions at its ruling price of Rs 591.85, from its close of Rs 493.75 on 25 August 2016.

Tata Motors consolidated net profit declined 57% to Rs 2260.40 crore on 10.1% rise in net sales to Rs 64940.12 crore in Q1 June 2016 over Q1 June 2015.

Tata Motors is a market leader in commercial vehicles in India. The companys British unit Jaguar Land Rover (JLR) sells premium luxury cars.

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Inox Wind tumbles to record low after dismal Q1 numbers
Sep 06,2016

The result was announced after market hours on Friday, 2 September 2016. The stock market was closed yesterday, 5 September 2016 on account of Ganesh Chaturthi.

Meanwhile, the S&P BSE Sensex was up 450.19 points or 1.58% at 28,982.30.

The stock declined on heavy volumes. On BSE, so far 4.43 lakh shares were traded in the counter as against average daily volume of 58,069 shares in the past one quarter. The stock hit a low of Rs 161 so far during the day, which is a record low for the counter. The stock hit a high of Rs 184 so far during the day. The stock had hit a 52-week high of Rs 411.55 on 26 October 2015. The stock had underperformed the market over the past one month till 2 September 2016, sliding 12.34% compared with Sensexs 1.97% rise. The scrip had also underperformed the market in past one quarter, declining 11.87% as against Sensexs 6.29% rise.

The mid-cap company has equity capital of Rs 221.92 crore. Face value per share is Rs 10.

Inox Wind announced that its wholly owned subsidiary Inox Wind Infrastructure Services has acquired RBRK Investments with effect from 1 September 2016, in tune with its expansion plans in South India.

Inox Wind is one of the leading wind enery solutions providers servicing IPPs, utilities, PSUs, corporates and retail investors.

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MindTree tumbles after weak outlook
Sep 06,2016

The announcement was made after market hours on Friday, 2 September 2016.

Meanwhile, the BSE Sensex was up 404.93 points, or 1.42%, to 28,937.04.

On BSE, so far 2.53 lakh shares were traded in the counter, compared with average daily volume of 41,426 shares in the past one quarter. The stock hit a high of Rs 525 and a low of Rs 504.50 so far during the day. The stock hit a record high of Rs 803.50 on 4 March 2016. The stock hit a 52-week low of Rs 546.25 on 2 September 2016. The stock had underperformed the market over the past 30 days till 2 September 2016, sliding 8.88% compared with 2.95% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 15.28% as against Sensexs 6.29% rise.

The large-cap company has equity capital of Rs 167.94 crore. Face value per share is Rs 10.

MindTree said the decline in revenue is expected due to cross-currency movements, project cancellations and slower ramp-ups in a few large clients across different verticals and continued weakness in its UK-based subsidiary Bluefin.

Margins are going to be lower than planned with a decline in earnings before interest, taxes, depreciation and amortization (EBITDA) margins in Q2 September 2016 compared to Q1 June 2016. In light of its weak revenue outlook, the Bluefin business is expected to report an EBITDA loss for the quarter. MindTree has implemented a range of operational efficiency improvements and cost control measures. The savings derived from these initiatives may not be sufficient to offset the revenue slowdown in Q2 September 2016.

The company said it believes its business fundamentals, strategic direction and market positioning continue to look strong in the medium-term especially with its investments in Digital and Managed Services. Business pipeline from its core services and Magnet 360 is amongst the strongest in the last few years. The company said it is well-placed to win some of these opportunities, including some large ones to be awarded over the next few months. The uncertainties in the Bluefin business are likely to continue for a few more months giventhe volatile macroeconomic environment in Europe. The slower revenue momentum in the first half (H1) of the financial yar ending March 2017 (FY 2017) will delay the aspiration to grow EBITDA margins over the financial yar ended March 2016. The cost saving measures and other related initiatives will help the company deliver a higher margin in the second half (H2) of FY 2017 over H1 FY 2017. Even with this change in outlook, the company said it continues to expect its annual revenue growth to be higher than the NASSCOM industry average.

MindTrees consolidated net profit declined 7.2% to Rs 123.50 crore on 0.6% growth in revenue to Rs 1327.60 crore in Q1 June 2016 over Q4 March 2016.

MindTree is a global information technology consulting firm specializing in corporate IT services and solutions.

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Reliance Capital hits 52-week high
Sep 06,2016

The announcement was made during market hours today, 6 September 2016.

Meanwhile, the S&P BSE Sensex was up 355.27 points or 1.25% at 28,887.38.

On BSE, so far 4.26 lakh shares were traded in the counter as against average daily volume of 4.89 lakh shares in the past one quarter. The stock hit a high of Rs 560.85 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 545.50 so far during the day. The stock had hit a 52-week low of Rs 303.60 on 12 February 2016. The stock had outperformed the market over the past one month till 2 September 2016, surging 25.11% compared with Sensexs 1.97% rise. The scrip had also outperformed the market in past one quarter, jumping 34.6% as against Sensexs 6.29% rise.

The large-cap company has equity capital of Rs 252.63 crore. Face value per share is Rs 10.

Reliance Capital announced completion of a fund raising exercise of Rs 2000 crore through private placement of secured redeemable non-convertible debentures (NCD) for a period of 5 years and 10 years respectively. The issue size offered was Rs 1000 crore ($150 million) with an option to retain oversubscription, by way of greenshoe option, of upto Rs 1000 crore. The issue was fully subscribed, including the greenshoe option, and will be listed on BSE. The secured redeemable NCDs offer an annual coupon rate of 8.9% for 5 years, and 9% for 10 years.

Sam Ghosh, ED and Group CEO of Reliance Capital said that the funds will be used to refinance the companys existing debt and also grow its lending businesses.

On a consolidated basis, Reliance Capitals net profit rose 3% to Rs 207 crore on 48.3% growth in total income to Rs 3663 crore in Q1 June 2016 over Q1 June 2015.

Reliance Capital, a part of the Reliance Group, is one of Indias leading private sector financial services companies.

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HCC corrects on profit booking
Sep 06,2016

Meanwhile, the BSE Sensex was up 301.40 points, or 1.06%, to 28,833.51.

On BSE, so far 43.72 lakh shares were traded in the counter, compared with average daily volume of 15.49 lakh shares in the past one quarter. The stock hit a high of Rs 37.95 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 34.15 so far during the day. The stock hit a 52-week low of Rs 16.60 on 12 February 2016. The stock had outperformed the market over the past 30 days till 2 September 2016, rising 56.61% compared with 2.95% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 91.13% as against Sensexs 6.29% rise.

The small-cap company has equity capital of Rs 77.92 crore. Face value per share is Re 1.

Shares of HCC rose 54.90% in three trading sessions to settle at Rs 35.55 on Friday, 2 September 2016, from its close of Rs 22.95 on 30 August 2016. Recent gains were triggered by fresh initiatives by the government to revive the construction sector.

The company announced after market hours on 31 August 2016, that the Union Cabinets latest decision requiring the government agencies to pay 75% of arbitral awards will result in HCCs debt being reduced by half.

HCC has arbitration awards for over Rs 3200 crore and with the latest cabinet decision, the company will get 75% of this amount immediately. HCCL also has claims worth around Rs 5,000 crore are in arbitration process. The cabinet decision will further help HCC to secure these awards within a duration of 12 months.

HCCs chairman and managing director said that the company will immediately be able to reduce its debt by almost half. The debt burden will reduce further within the next 12 to 24 months. With this, HCC will be able to participate in countrys infrastructure development in a much bigger way. HCC currently has standalone debt of Rs 4900 crore.

The Cabinet Committee on Economic Affairs (CCEA) on 31 August 2016 approved a series of initiatives to revive the construction sector. As per the new initiatives, CCEA allowed contractors to move to the new speedier arbitration process, approved release of 75% of the amount in dispute against margin free bank guarantee and provided for a conciliation board comprising of independent subject experts in order to ensure speedy disposal of pending or new cases.

Net profit of HCC rose 17.5% to Rs 10.88 crore on 1.7% rise in net sales to Rs 899.32 crore in Q1 June 2016 over Q1 June 2015.

HCC is into infrastructure development in transportation, power and water segments. HCC is developing a planned hill city named Lavasa near Pune in Maharashtra.

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Lupin gains after tentative USFDA nod for generic drug
Sep 06,2016

The announcement was made during market hours today, 6 September 2016.

Meanwhile, the S&P BSE Sensex was up 308.66 points or 1.08% at 28,840.77.

On BSE, so far 44,000 shares were traded in the counter as against average daily volume of 1.15 lakh shares in the past one quarter. The stock hit a high of Rs 1,537.50 and a low of Rs 1,514.50 so far during the day. The stock had hit a record high of Rs 2,127 on 6 October 2015. The stock had hit a 52-week low of Rs 1,294.05 on 29 March 2016. The stock had underperformed the market over the past one month till 2 September 2016, sliding 11.05% compared with Sensexs 1.97% rise. The scrip had also underperformed the market in past one quarter, gaining 2.73% as against Sensexs 6.29% rise.

The large-cap company has equity capital of Rs 90.21 crore. Face value per share is Rs 2.

Lupin announced that its US subsidiary, Gavis Pharmaceuticals LLC, USA has received tentative approval for its Moxifloxacin Hydrochloride Tablets, 400 mg from the United States Food & Drug Administration (USFDA) to market a generic version of Bayer Healthcare Pharmaceuticals Incs Avelox Tablets, 400 mg (base). It is a fluoroquinolone antibacterial indicated for the infections in adults 18 years of age and older caused by designated susceptible bacteria in certain conditions. Avelox has annual US sales of $30.1 million as per IMS MAT June 2016 data.

Lupins consolidated net profit rose 55.1% to Rs 881.95 crore on 40% growth in net sales to Rs 4313.56 crore in Q1 June 2016 over Q1 June 2015.

Lupin is a pharmaceutical company producing and developing a wide range of branded & generic formulations, biotechnology products and active pharmaceutical ingredients (APIs) globally. The company is a significant player in the cardiovascular, diabetology, asthma, pediatric, CNS, GI, anti-infective and NSAID space and holds global leadership position in the anti-TB segment.

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