Lupin launches Tadalafil Tablets USP
Pharma major Lupin Limited (Lupin) has launched Tadalafil Tablets USP, 2.5 mg, 5 mg, 10 mg, and 20 mg, having received approval from the United States Food and Drug Administration (FDA) earlier. Reacting to this, shares of the company gained 4% on Monday.
Lupin Tadalafil Tablets USP, 2.5 mg, 5 mg, 10 mg, and 20 mg, is the generic equivalent of Eli Lilly and Company Cialis Tablets, 2.5 mg, 5 mg, 10 mg, and 20 mg.
SML ISUZU gains 5% as March auto sales rises in March
Shares of SML ISUZU gained 5% on Monday after the company reported 14.1% yoy growth in March to 2,003 units compared to 1,756 units in the same period a year ago.
The company total sales for FY19 climbed 20.3% to 13,658 units compared to 11,355 units a year ago. In the fourth quarter of FY19 sales rose 17% to 4,282 units compared to 3,659 units a year ago.
Eicher Motors total CV sales down 7.6% yoy in March
Eicher Motors, the parent company of Royal Enfield, in its filing to the exchanges on Monday informed that the company total commercial vehicle sales for March dropped by 7.6% on yoy to 8,676 units vs. 9,411 units in the previous year.
Total CV sales in FY18 stood at 72,969 units compared to 65,932 units in the same period under review a year ago.
Further, domestic sales of Eicher Trucks and Buses (ETB) in March stood at 7329 compared to 7980 in the same period a year ago, while sales of Volvo Trucks India (VTI) stood at 131 units compared to 166 units in the same period a year ago.
Welspun Corp stock soars 9% after announcing value unlocking
Shares of Welspun Corp soared 9% on Monday trade after the company announced value unlocking of ~Rs940cr through the divestment of its Plate and Coil Mill Division (PCMD) and its 43 MW Power Division. The stock is among top gainer on the Nifty metal index.
The sale consideration for PCMD is Rs848.5cr, and closing adjustments pertaining to Net Current Assets as of Closing Date (expected to be ~Rs25cr), taking the total expected consideration to Rs873.5cr, the company said in the BSE filing.
L&T wins order for new gas export pipeline by KOC-Kuwait
Larsen &Toubro Limited (L&T) has won a large order from Kuwait Oil Company (KOC). The new export gas strategic pipeline and its associated facilities will run a span of approximately 145 km.
The new strategic gas export pipeline contract has been awarded through international competitive bidding on a Lump Sum Turn Key (LSTK) basis, the company said in the filing.
L&T is currently executing a new 48" Crude Transit Line (CTL) from North Kuwait to Central Mixing Manifold (CMM) located near Ahmadi (Kuwait).
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