Shares of GlaxoSmithKline Pharmaceuticals Ltd. shed over 2.5%, the steepest fall inover a week afterthe company reported net income forthe third quarter that missedthe average analyst estimate, for the quarter-ended December.
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Biocon Share Jumps After Subsidiary Receives U.S.FDA Nod For Posoconazole Tablets
Shares of Biocon rose nearly 3% after the company’s subsidiary Biocon Pharma received approval for its ANDA for Posoconazole delayedrelease tablets from the U.S. FDA.
Wockhardt Gets CDSCO Nod To Export Up To 100 Million Doses Of Sputnik Vaccines
Wockhardt Ltd. received permission from the Central Drugs StandardControl Organisation to export up to 80 million dosesof Sputnik Light and up to 20 million dosesof Sputnik V Component 1 vaccine.
Nifty Trading Spot Band Between 17230-17650
Nifty Trading Spot: After 950 points rally injust five sessions, the index underwent minorprofit booking. We believe, temporary breather willmake market healthy and pavethe way to gradually head towards 17900 in February as it is 80% retracement of January 2022 decline (18350-16836).
Nifty Options Data Show 17100—18000 Trading Zone
Nifty Options Data Show 17100—18000 Trading Zone: Equity benchmarks logged gains forthe week, after two consecutive weeks of decline, amid rising concerns overtapering and volatility in global-equities.
Brightcom Group To Buy U.S.-Based Digital Audio Firm For $102.5 Million
Brightcom Group signed a Letter of Intent to acquire a U.S. based digital audio firm, that owns and operates multiple assets.
CE Info Systems Slips The Most In A Week [04-02-2022]
Shares of CE Info Systems fell over 4.5%, the steepest intraday decline in a week.
- The company approved acquisition of 75.98% of Gtropy Systems Pvt Ltd for Rs 13.5 crore. The indicative time period for completion of the acquisition is 45 days.
- Gtropy Systems, which belongs to IoE and logistics Software-as-a-Service Tech industry, had a turnover of 8.49 crore in FY21 and Rs 2.58 crore in FY2020.
- Gtropy Systems is likely to aid MapmyIndia in expanding IoT and SaaS solutions into CV fleet and OE market by providing route optimization, vehicle tracking, telematics and advanced navigation solutions.
- The company also declared interim dividend of Rs 2 per equity share bearing face value of Rs 2 each, for FY2022. The record date to ascertain the eligible members for the payment of interim dividend will be February 14, 2022.
Source: Bloomberg, Exchange Filing.