The US FDA conducted a Bioresearch Monitoring (BIMO) inspection at the company’s Bioequivalence Center in Taloja, Maharashtra, during March 10-13. At the end of the inspection, no Form 483 was issued by the US FDA. Additionally, the company’s subsidiary, Alkem Medtech, has executed a Share Purchase and Share Subscription Agreement with Bombay Ortho Industries to acquire 100% stake in Bombay Ortho.
The infrastructure EPC major has received new orders worth Rs 1,267 crore in the transmission & distribution and cable businesses. With these new orders, its YTD order intake stands at over Rs 23,300 crore, a growth of 35% compared to the same period last year.
The pharma company is recalling one batch of Levetiracetam in 0.75% sodium chloride injection single-dose infusion bags in the United States due to incorrect labeling of the infusion bag. According to the risk statement, patients administered the mislabeled product are likely to experience adverse events.
Gold prices rose to an all-time high last week breaking though the key $3,000 level with the safe haven supported by President Donald Trump’s fresh tariff threats, while soft U.S. inflation prints further aided sentiment. This supported silver as well, which marked an all time high on domestic front, breaching Rs. 1 lakh. Escalating trade tensions and economic indicators led to a more than 3% rally in both Gold and Silver last week.
President Donald Trump threatened 200% tariffs on European alcoholic beverages, including wines and champagnes, in retaliation to the European Union’s decision to impose a 50% levy on American whiskey. The EU’s move was a response to Trump’s recent 25% tariffs on imported steel and aluminum.
On data front both the CPI and PPI indicated weaker-than-expected inflationary pressures, reinforcing expectations of potential interest rate cuts by the Federal Reserve later this year. The Federal Reserve is scheduled to meet on March 18-19 to deliberate on interest rate policy. Focus today will be on US retail sales data.
The Sensex was up 468.57 points or 0.63 percent at 74,297.48, and the Nifty was up 151.10 points or 0.67 percent at 22,548.30. About 2043 shares advanced, 1263 shares declined, and 163 shares unchanged.
| Company | CMP Chg(%) | Today Vol 5D Avg Vol | Vol Chg(%) |
|---|---|---|---|
| Hitech Corp | 213.72 | 324.43k 10,154.80 |
3,095.00 |
| LIQUIDBETF | 1,020.99 | 27.87k 1,455.20 |
1,815.00 |
| G R Infra | 967.15 | 420.55k 30,801.60 |
1,265.00 |
| TTK Healthcare | 1,128.55 | 77.15k 5,972.80 |
1,192.00 |
| Jindal Drilling | 904.00 | 273.27k 34,854.60 |
684.00 |
| Data Patterns | 1,676.00 | 765.47k 106,334.40 |
620.00 |
| Gandhi Spl Tube | 709.95 | 15.51k 2,521.80 |
515.00 |
| Sotac Pharma | 112.35 | 45.60k 7,440.00 |
513.00 |
| United Nilgiri | 408.95 | 17.59k 3,313.80 |
431.00 |
| Capital SFB | 257.40 | 234.53k 51,404.80 |
356.00 |
| Kamat Hotels | 322.50 | 221.93k 48,750.80 |
355.00 |
| Anupam Rasayan | 765.00 | 346.65k 77,851.80 |
345.00 |
| Transformers | 392.75 | 570.35k 131,704.60 |
333.00 |
| Nacl Industries | 95.01 | 2.46m 580,492.80 |
323.00 |
| Veekayem Fashio | 232.20 | 17.00k 4,100.00 |
315.00 |
| GTPL Hathway | 110.21 | 280.17k 73,039.40 |
284.00 |
| IndusInd Bank | 695.85 | 11.67m 3,162,162.20 |
269.00 |
| Sampann Utpadan | 28.08 | 100.25k 28,672.80 |
250.00 |
| Digjam | 37.05 | 8.94k 2,744.00 |
226.00 |
| Adani Green Ene | 892.90 | 1.54m 480,592.20 |
220.00 |
Bharat Heavy Electricals (BHEL) has awarded a formal purchase contract worth Rs 231.78 crore to the company. The contract is expected to be executed progressively over the next 13 months (by April 2026). Earlier, on March 4, BHEL (Trichy) had selected Welspun Specialty Solutions as the L1 bidder for the supply of 4,050 tons of stainless steel seamless boiler tubes for a series of super-critical thermal power projects.
A meeting of the board of directors of the company is scheduled to be held on Monday, 17th March 2025, to consider declaration
of Second Interim Dividend to the shareholders of the company for the financial year 2024-25.
#1 Profit grows 23% to Rs 13.83 crore Vs Rs 11.24 crore, YoY
#2 Revenue declines 48.9% to Rs 72.6 crore Vs Rs 142 crore, YoY
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In light of rising input costs and operational expenses, the company has planned to increase the prices of its cars from April, 2025. The price increase is expected to be up to 4% and will vary depending on the model.