Cadila, Ipca gain 4-9% after US allows emergency use of antimalarial drugs for COVID-19 Cadila Healthcare and Ipca Labs are prominent manufacturers of hydroxychloroquine and chloroquine in India. Both are antimalarial drugs.
ICMR recommends use of anti-malaria drug hydroxychloriquine for treating high-risk COVID-19 patients The high risk population who would be eligible for getting the drug include asymptomatic healthcare workers involved in the care of suspected or confirmed COVID-19 cases and asymptomatic household contacts of laboratory confirmed cases.
How off-the-shelf drugs are making Indian pharma firms interested in fight against COVID-19 Cipla has come forward to work with Hyderabad-based Indian Institute of Chemical Technology to develop three broadspectrum antiviral drugs to tackle novel coronavirus.
Market Headstart: Nifty likely to consolidate around 11,700; NIIT Tech, IPCA top buys Trends on SGX Nifty indicate a negative opening for the broader index in India, with a 94 points loss or 0.8 percent. The Nifty futures were trading around 11,724-level on the Singaporean Exchange.
Hot Stocks: Here are three buy calls for 8-11% returns in the short term From the technical front, both Nifty and BankNifty are currently trading at crucial support levels as both the indices are now close to their 200-Days Exponential Moving Average on the daily interval.
Buy Ipca Laboratories; target of Rs 1826: Prabhudas Lilladher Prabhudas Lilladher is bullish on Ipca Laboratories has recommended buy rating on the stock with a target price of Rs 1826 in its research report dated February 13, 2020.
Buy Ipca Laboratories target of Rs 1590: Sharekhan Sharekhan is bullish on Ipca Laboratories has recommended buy rating on the stock with a target price of Rs 1590 in its research report dated February 13, 2020.
Here's how Ipca Laboratories turned the tide and emerged as investor favourite Ipca, which was growing at frantic pace in the first half of this decade, lost steam in the middle due to regulatory woes.
Here's how Ipca Laboratories turned the tide and emerged as investor favourite
Trade Setup for Wednesday: Top 15 things to know before Opening Bell Nifty formed a doji candle on the daily charts, which indicates indecisiveness over further direction, followed by a spinning
top formation in the previous session.
Stocks in the news: Biocon, Petronet LNG, Hero Moto, Alkem Lab, PNB, Cipla, Torrent Pharma Petronet LNG | Hero MotoCorp | Torrent Pharmaceuticals| Reliance Capital | HEG | PNB and Canara Bank are among stocks which are in news today.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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