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Indoco Remedies to pay dividend
May 26,2017

Indoco Remedies announced that dividend, if declared will be dispatched on or after 14 August 2017.

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Lupin extends recent losses
May 26,2017

Meanwhile, the S&P BSE Sensex was up 216.99 points or 0.71% at 30,967.02.

On the BSE, 1.14 lakh shares were traded on the counter so far as against the average daily volumes of 1.48 lakh shares in the past two weeks. The stock hit a high of Rs 1,163.60 and a low of Rs 1,115 so far during the day.

The stock had hit a 52-week high of Rs 1,750 on 29 July 2016 and 52-week low of Rs 1,108 on 25 May 2017.

The large-cap company has equity capital of Rs 90.33 crore. Face value per share is Rs 2.

Shares of Lupin have fallen 8.76% in two trading sessions from its closing of Rs 1,227.65 on 24 May 2017, on reports that a foreign brokerage has downgraded the stock to outperform from buy earlier and has also lowered its target price to Rs 1,350 from Rs 1,760 earlier.

According to reports, the global brokerage stated that Lupin expects a challenging FY 2018 due to competitive/regulatory pressures in the US and Japan. US concerns are on account of continued customer consolidation, incremental competition in top products, and slower-than-expected Gavis ramp-up, it said. The brokerage further added that a few critical FY 2019 launches of the company have been pushed out to FY 2020.

Shares of Lupin had fallen 1.71% to settle at Rs 1,227.65 on 24 May 2017 after the company announced weak Q4 earnings during market hours on that day.

Lupins consolidated net profit fell 49.16% to Rs 380.21 crore on 1.33% growth in total revenue from operations to Rs 4253.30 crore in Q4 March 2017 over Q4 March 2016.

During Q4 March 2017, the company made a provision for liability towards its Australian subsidiary amounting to Rs 155.90 crore in respect of compensation for patent litigation towards its Isabelle generic launch in Australia.

Lupins shares witnessed selling pressure in the run-up to the announcement of its Q4 results. They had fallen 5.01% in two trading sessions to settle at Rs 1,249 on 23 May 2017, from its closing of Rs 1,314.90 on 19 May 2017.

Lupin is a pharmaceutical company developing and delivering a wide range of branded & generic formulations, biotechnology products and APIs globally.

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Dr Reddys gets healthier after USFDA clears plant after audit
May 26,2017

The announcement was made after market hours yesterday, 25 May 2017.

Meanwhile, the S&P BSE Sensex was up 179.53 points, or 0.63% to 30,945.12.

The stock had dropped 11.15% in six sessions to Rs 2,427.30 yesterday, 25 May 2017 from a close of Rs 2,731.95 on 17 May 2017.

On the BSE, 24,482 shares were traded in the counter so far, compared with average daily volumes of 40,962 shares in the past one quarter.

At the days high of Rs 2,548.75 hit in early trade, the stock had jumped 5%. The stock had hit a low of Rs 2,431.15 so far during the day. The stock had hit a 52-week high of Rs 3,689 on 20 July 2016 and a 52-week low of Rs 2,400 yesterday, 25 May 2017.

The stock had underperformed the market over the past one month till 25 May 2017, dropping 8.25% compared with 2.69% rise in the Sensex. The scrip also underperformed the market in past one quarter, declining 16.01% as against Sensexs 6.43% rise.

The large-cap drug major has equity capital of Rs 82.87 crore. Face value per share is Rs 5.

Dr Reddys Laboratories said that the United States Food & Drug Administration (USFDA) completed the audit of its formulations Srikakulum plant (SEZ) unit II, in Andhra Pradesh on 25 May 2017 with zero observations.

Dr Reddys Laboratories consolidated net profit rose 175.4% to Rs 337.60 crore on 5.4% decline in net sales to Rs 3554.20 crore in Q4 March 2017 over Q4 March 2016.

Dr Reddys Laboratories is an integrated global pharmaceutical company.

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SI Capital & Financial Services to hold board meeting
May 26,2017

SI Capital & Financial Services will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider, approve and take on record the Audited Financial Results of the company for the quarter and year ended 31st March 2017.

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SFL International to hold board meeting
May 26,2017

SFL International will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider, approve and sign the Standalone Audited Financial Results of the Company, for the last quarter and financial ended on 31st day of March, 2017, and others.

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Shri Krishna Devcon to hold board meeting
May 26,2017

Shri Krishna Devcon will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider and approve Audited Financial Results for the Quarter and Year ended on 31st March, 2017.

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Laurel Organics to hold board meeting
May 26,2017

Laurel Organics will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider and approve standalone audited financial results of the company, and Standalone Financial Results (standalone) of the Company for the quarter and year ended on 31st March 2017.

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Ashoka Refineries to hold board meeting
May 26,2017

Ashoka Refineries will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider, approve and sign the Standalone Audited Financial Results of the Company, for the last quarter and financial ended on 31st day of March, 2017, and others.

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Vibros Organics to hold board meeting
May 26,2017

Vibros Organics will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and approve Audited Financial Results for the year ended on 31st March, 2017 .

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Fortune International to hold board meeting
May 26,2017

Fortune International will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider and approve standalone audited financial results of the company.

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Info-Drive Software to hold board meeting
May 26,2017

Info-Drive Software will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider and approve the Stand-Alone and Consolidated Audited Financial Results of the Company for the quarter and year ended March 31, 2017 and Auditors Report thereon.

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Rajeswari Infrastructure to hold board meeting
May 26,2017

Rajeswari Infrastructure will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider audited financial results for the quarter /year ended 31.03.2017.

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Vardhaman Laboratories to hold board meeting
May 26,2017

Vardhaman Laboratories will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider, approve and take on record Audited Financial Results of the Company for the quarter and Financial Year ended 31st March, 2017.

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ISF to hold board meeting
May 26,2017

ISF will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider and approve the audited Financial Results for the Quarter ended on 31 March 2017 and Annual Accounts for the year ended on that date, and Other matters.

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Jainco Projects (India) to hold board meeting
May 26,2017

Jainco Projects (India) will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider and take on record the audited financial results of the company for the year ended 31st March, 2017.

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