Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
19 August, 2017 14:54 IST
Ipca Labs slips after USFDA bans import of drugs from 3 plants
Source: IRIS | 16 Jun, 2017, 11.12AM
Comments  |  Post Comment

IPCA Laboratories witnessed a fall in share price on Friday after almost all drugs manufactured by the pharma company at its facilities at Pithampur, Silvassa and Ratlam have been banned from the US market by the country's health regulator.

The US Food and Drug Administration (USFDA) cited violation of current good manufacturing norms for taking the step against the company.

Shares of Ipca Laboratories (Q,N,C,F)* are trading at Rs 454.50, down Rs 58.65, or 11.43% at the Bombay Stock Exchange (BSE) on Friday at 11:03 a.m.

The scrip has touched an intra-day high of Rs 484.40 and low of Rs 437.00. The total volume of shares traded at the BSE is 538,347.

Total volume of shares traded on the bourses today was higher by 4,113.84% to 4,928,377 compared with 22-day average volume of 116,957.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Tata Global Beverage surges after water brand forays into US - 16-Aug-2017 10:36
Tech Mahindra jumps after good Q1 results - 01-Aug-2017 10:03
VA Tech Wabag climbs on bagging STP order worth Rs 3.86 bn - 27-Jul-2017 10:16
Reliance climbs after good Q1 consolidated net profit - 21-Jul-2017 11:03
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer