CAG Audit Finds Half of IFCI Loans In Violation of Norms.
Thirumalai Chemical – good results continue
Income up 47%
EBIDTA up 56%
Margin at 17.7% Vs 16.7%
PAT up 65% at 33 cr
Tata Sponge – solid results
Income up 61%
EBIDTA up 372%
EBIDTA margin ex –excise at 22.1% vs 7.6%
PAT up 191%
DR REDDY’S LABORATORIES: The company, CIPLA, PFIZER, ALKEM LABORATORIES and ALEMBIC PHARMACEUTICALS feature among the 66 companies that failed the
government’s test for quality of drugs.
Sector to watch:
Negative: Pharma
Stocks to watch:
Positive: #Tirumalchm #Tatasponge #Dmart #Quess #Persistent
