Biocon Share Price Rises After Bengaluru Facility Clears Regulatory Inspection

Stock market

Gold Silver Reports (GSR) – Biocon Rises After Bengaluru Facility Clears Regulatory Inspection – Shares of the drugmaker rose as much as 2.3 percent to Rs 644.35. – The company said that it received an Establishment Inspection Report (EIR) from the U.S. drug regulator for its manufacturing facility in Bengaluru, according to its stock exchange notification.

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Tata Coffee Share Price Falls After March Quarter Profit Slumps

Gold Silver Reports (GSR) – Tata Coffee Falls After March Quarter Profit Slumps – Shares of the Bangalore-based coffee producer fell as much as 7.2 percent, the most in over three months, to Rs 123.70 after its profit in March quarter slumped.

Key earnings highlights:

📌 Net Profit down 86 percent at Rs 6.5 crore

📌 Revenue up 9 percent to Rs 440 crore

📌 EBITDA down 67 percent to Rs 37 crore

📌 EBITDA Margins at 8.5 percent versus 28.2 percent 

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