Bad news for Indian, Chinese polyester makers: US imposes anti-dumping duty. #Reliance is the largest producer of polyester fibre and yarn in the world.
#GST rate impact: Good for Jain Irrigation Systems, Titan Company, PC Jeweller, Wonderla Holidays, Adlabs Entertainment.
Biocon enters into a global partnership with Sandoz to develop, manufacture and commercialise multiple biosimilars in immunology and oncology.
Torrent Pharma acquires U.S.-based generic pharmaceuticals Bio-Pharma Inc.
Deepak Nitrite Q3 (YoY): Revenue up 22% at Rs 371 cr. Net profit up 170 % at Rs 20 cr. EBITDA up 68% at Rs 52 cr. Margin at 14.0% from 10.2%.
Stocks To Watch:
Positive: #BIOCON #TORNTPHARM #JISLJALEQS #TITAN #PCJEWELLER #WONDERLA #ADLABS
Negative: #Reliance #BOMDYEING