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As On 02-Jun-2023 EOD, Market Closed
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  • Torrent Pharma gets USFDA warning letter for Gujarat facility

    The drug major announced that it has received a communication from the US drug regulator determining the inspection classification at the manufacturing facility at Indrad in Gujarat as official action indicated (OAI).

    The company said that this inspection classification will not have impact on existing supplies or revenues from this facility. Earlier on 28 September 2022, USFDA inspected company's manufacturing facility at Indrad, Gujarat and issued Form 483 with 3 observations. Torrent Pharma said it continues to cooperate with the USFDA and will undertake all necessary remedial steps to resolve these issues to the satisfaction of the regulator. It remains committed to being current good manufacturing practice (cGMP) compliant quality standards across all its facilities. Torrent Pharmaceuticals is one of the leading Indian Pharmaceutical Company engaged in research, development, manufacturing and marketing of generic pharmaceutical formulations.

    The company's consolidated net profit declined 1.3% to Rs 312 crore despite of 7.5% rise in net sales to Rs 2,261 crore in Q2 FY23 over Q2 FY22.

    The scrip rose 0.01% to Rs 1,596.50 on the BSE.



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Flash News 03-Jun-2023
  •  ( 15:57) NTPC arm declares commercial operation of last part of Nokhra Solar PV project  
  •  ( 15:00) Vedanta subsidiary enters into PDA with Serentica Renewables India  
  •  ( 12:36) Zydus Life gets zero observation from USFDA for Ahmedabad facility  
  •  ( 10:25) CRISIL reaffirms rating of Tata Chemicals at 'A1+'  
  •  ( 10:15) US FDA classifies Indoco Remedies' Goa plant inspection as OAI  
  •  ( 10:15) Minda Corp board OKs proposal to raise funds up to Rs 600 crore  
  •  ( 09:59) TechM to divest stake in Brasil-based step-down subsidiary  
  •  ( 09:14) IRDAI asks SBI Life to take over troubled Sahara's biz  
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02 June 2023 00:00
3235.15
(-0.16 %)
926.00
(0.71 %)
7023.00
(-0.25 %)
1456.55
(0.42 %)
836.20
(0.98 %)
2646.30
(0.02 %)
1136.90
(-0.38 %)
1606.15
(0.13 %)
2716.35
(0.69 %)
937.05
(0.11 %)
1288.10
(-0.24 %)
1298.65
(-1.58 %)
443.20
(0.77 %)
1939.75
(0.58 %)
2235.25
(1.19 %)
1341.05
(1.68 %)
9488.80
(1.73 %)
22040.60
(0.83 %)
174.40
(0.06 %)
234.60
(0.73 %)
2454.95
(-0.29 %)
587.20
(0.79 %)
999.35
(1.20 %)
535.75
(0.09 %)
108.00
(1.93 %)
3304.40
(-0.57 %)
1122.30
(0.12 %)
2859.60
(1.16 %)
7849.40
(0.09 %)
404.80
(-0.60 %)
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