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Company NameReco DateReco PriceExit PriceExit Date% ReturnIn days
ITC Ltd. 28/12/2023464.20487.5002/01/2025 5.02% 1 yrs
Britannia Industries Ltd. 27/07/20234,875.805,028.2512/11/2024 3.13% 1 yrs
JSW Steel Ltd. 22/02/2024826.951,003.0026/09/2024 21.29% 217 days
Bajaj Auto Ltd. 22/08/20249,910.0011,930.0017/09/2024 20.38% 26 days
Dr. Reddy's Laboratories Ltd. 26/10/20235,429.306,536.0005/07/2024 20.38% 253 days
Shriram Finance Ltd. 25/04/20242,430.102,955.0028/06/2024 21.60% 64 days
Coal India Ltd. 25/01/2024389.50501.6022/05/2024 28.78% 118 days
Infosys Ltd. 27/10/20221,522.601,411.6019/04/2024 -7.29% 1 yrs
State Bank Of India 25/05/2023581.30782.0505/03/2024 34.53% 285 days
The Indian Hotels Company Ltd. 24/08/2023401.85517.9007/02/2024 28.88% 167 days

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USFDA classifies Sun Pharmaceutical Halol facility as OAI
Apurva Joshi
/ Categories: Trending

USFDA classifies Sun Pharmaceutical Halol facility as OAI

On December 13, 2019, Sun Pharmaceutical had informed that USFDA’s inspection at the company’s Halol (Gujarat) facility from December 3 to 13, 2019 had led to the issuance of form 483 by USFDA with eight observations.

Now, the company has received a communication from USFDA indicating that Halol facility has been classified as official action indicated (OAI). The OAI classification implies inter alia that USFDA may withhold approval of any pending product applications or supplements filed from this facility till the outstanding observations are resolved. The company’s 19 ANDAs and two NDAs are pending approval from Halol for US market.

The company continues to manufacture and distribute existing products for US market thereby, not likely to have any adverse impact on the current business from the facility. It does not anticipate any major supply disruption for existing products due to OAI classification and would work with USFDA to ensure that there is no shortage in supplies to US market. US supplies from Halol, as of now, contribute approximately three to four per cent of its consolidated revenue.

Sun Pharmaceutical continues to cooperate with USFDA and will undertake all necessary steps to resolve these issues to ensure that the regulator is completely satisfied with the company’s remedial action.  

On Monday, the stock of Sun Pharmaceutical Industries Ltd opened at Rs 329, down 2.7 per cent from its previous close of Rs 338.15 on BSE. In the early morning trading session, it dipped 6.7 per cent to Rs 315.30.

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