Yes Bank Ltd leads losers in A group
Yes Bank Ltd tumbled 6.14% to Rs 192.45 at 14:48 IST.The stock was the biggest loser in the BSEs A group.On the BSE, 60.56 lakh shares were traded on the counter so far as against the average daily volumes of 42.5 lakh shares in the past one month.
Alembic Pharma rises after USFDA approves Vardenafil Hydrochloride tablets
Alembic Pharmaceuticals announced that the company has received approval from the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Vardenafil Hydrochloride orally disintegrating tablets, 10 mg (base). The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Staxyn orally disintegrating tablets, 10 mg, of Bayer Healthcare Pharmaceuticals, Inc.Vardenafil Hydrochloride tablets are indicated for the treatment of erectile dysfunction. Alembic had previously received tentative approval for this ANDA..
Mahindra & Mahindra Ltd rises for third straight session
Mahindra & Mahindra Ltd is up for a third straight session today. The stock is quoting at Rs 789.75, up 1.08% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.52% on the day, quoting at 10707.15. The Sensex is at 35617.98, down 0.44%. Mahindra & Mahindra Ltd has gained around 7.63% in last one month.Meanwhile, Nifty Auto index of which Mahindra & Mahindra Ltd is a constituent, has gained around 5.8% in last one month and is currently quoting at 9207.65, down 0.02% on the day. The volume in the stock stood at 18.08 lakh shares today, compared to the daily average of 28.48 lakh shares in last one month.
Oil India bucks trend after board approves buyback
Oil India announced that its board approved the proposal to buyback 5.04 crore shares of the company (representing approximately 4.45% of the paid-up share capital of the company) at Rs 215 per equity share, payable in cash for an aggregate consideration not exceeding Rs 1085.72 crore, which is not exceeding 10% of the aggregate of the fully paid-up equity share capital and free reserves as per the audited standalone accounts of the company for the financial year ended 31 March 2018. The company has set 3 December 2018 as the record date for determining the entitlement and name of security holders eligible to participate in the buyback offer.
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