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BSE   25 May 18 | 12:00 AM

382.50 24.95 (6.98%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: 532321
Face Value: N.A.

NSE   25 May 18 | 12:00 AM

382.20 24.95 (6.98%)
Mkt Price (Rs)   Chg Rs (Chg %)
1 Week : Rs 369.65 (3.48%)
1 Month : Rs 406.05 (-5.80%)
1 Year : Rs 426.80 (-10.38%)
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Cadila Healthcare soars on USFDA clearance for Moraiya facility

SI Reporter / Mumbai 17 Jul 12 | 09:47 AM

Cadila Healthcare has soared 5% to Rs 837 after the company said it has received a letter from USFDA, conveying that the facilities at Moraiya are acceptable.

“With this, the warning letter issued by them earlier is resolved," Cadila Healthcare said in a filing. According to analysts, this move will provide a strong impetus to the stock as Cadila has 17 injectable filings from this facility.

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“The US business is expected to grow by 20% plus in FY2013 and FY2014 on the back of 10-15 new launches every year, “ Angel Broking said in its report.

The stock opened at Rs 805 and touched high of Rs 838 on the National Stock Exchange. A combined 96,574 shares have already changed hands on the counter in morning trades, as against an average of less than 100,000 shares that were traded daily in past two weeks.

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