Left Menu
Development News Edition

Lupin stocks slip 6 pct after USFDA three observations at Aurangabad plant

Devdiscourse News Desk | New Delhi | Updated: 16-05-2019 20:43 IST | Created: 16-05-2019 12:25 IST
Lupin stocks slip 6 pct after USFDA three observations at Aurangabad plant
The US Food and Drug Administration (USFDA) carried out the inspection at the plant from May 6 to May 15, Lupin said in a statement Wednesday. Image Credit: Twitter (@LupinGlobal)

Lupin Limited stock price dropped 6 per cent Thursday after the company received three observations from the US health regulator for its Aurangabad-based manufacturing facility. The scrip declined 6 per cent to Rs 736.10 on the BSE. On the NSE, shares tanked 5.84 per cent to Rs 736.40. The US Food and Drug Administration (USFDA) carried out the inspection at the plant from May 6 to May 15, Lupin said in a statement Wednesday.

"The inspection at the Aurangabad facility closed with three observations. The company is confident of addressing them satisfactorily," it added. Lupin Wednesday posted consolidated profit after tax of Rs 296.37 crore for the fourth quarter of 2018-19 fiscal.


TRENDING

OPINION / BLOG / INTERVIEW

Dissecting how COVID-19 is catalyzing the trajectory of New World Order

The ensuing pandemic of COVID-19 has hit the globalization in two ways firstly, shrinking the importance of globalization as an economic force by curtailing mobility through worldwide lockdowns, and secondly, rejuvenating the idea of indig...

Domestic seafood trade in focus as COVID-19 changes market dynamics

As predicted earlier in a report titled Seafood industry post-COVID 19 An overhaul to trigger the growth of small fisheries, one of the changes going ahead would be increased focus on domestic seafood trade, driven by falling exports and su...

Migration post-COVID 19: Taking cues from the past to rebuild economies

Migrants are an irreplaceable part of even the essential workforce of developed countries and are on the frontline in the fight against the crisis, making an immeasurable contribution to saving the lives of natives with voting rights....

Socialization Post-COVID-19: Local associations and online groups to play crucial role

Though every age group is suffering due to the global lockdown caused by the ensuing COVID-19 pandemic, the challenges before adolescents are unique. Their social space has shrunk drastically, besides, they have become highly vulnerable to ...

Videos

Latest News

Domestic passenger flights resume in Chandigarh

Domestic flight operations started from the Chandigarh International Airport on Monday, as passenger air travel resumed within the country after a gap of two months. The airport has formulated Standard Operating Procedures for safety of pas...

J&K: Woman who died of pneumonia found to be COVID-19 positive

A 65-year-old woman from Kulgam district, who died of pneumonia last week, has tested positive for COVID-19 taking the coronavirus related death toll in Jammu and Kashmir to 23, an official said on Monday. A 65 -year-old lady from Bugam in...

NEWSALERT   Shimla, May 25 (PTI)  '

Coronavirus curfew extended in Himachal Pradeshs Hamirpur district till June 30 Official....

Subdued Eid celebrations in Odisha

Odisha Governor Ganeshi Lal and Chief Minister Naveen Patnaik on Monday greeted people on the occasion of Eid-ul-Fitr which was being celebrated on a low key in the state due to restrictions triggered by COVID-19 outbreak. The festivities w...

Give Feedback