LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Divi's laboratories drops over 10% on USFDA reports

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Divi's laboratories drops over 10% on USFDA reports
BSE. IANS
Written By: ZeeBiz WebTeam
Updated: Mon, Dec 26, 2016
11:19 am
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Divis Laboratories share price: Ashis Biswas of CapitalVia puts Target Price at Rs 3980 Divis Laboratories share price: Ashis Biswas of CapitalVia puts Target Price at Rs 3980
Divis Laboratories share price: Ashis Biswas of CapitalVia puts Target Price at Rs 3770; Sharekhan says THIS about the pharma stock Divis Laboratories share price: Ashis Biswas of CapitalVia puts Target Price at Rs 3770; Sharekhan says THIS about the pharma stock
Divi's Laboratories: Sharekhan reiterates Buy recommendation with price target of Rs 4500 Divi's Laboratories: Sharekhan reiterates Buy recommendation with price target of Rs 4500
Divi’s Laboratories share price: Fundamental and Technicals explained Divi’s Laboratories share price: Fundamental and Technicals explained
Divi's Laboratories share price: Motilal Oswal raises target price of Rs 4530 Divi's Laboratories share price: Motilal Oswal raises target price of Rs 4530

Pharmaceutical major Divi's Laboratories Ltd continued to fall on Monday with the stock cracking over 10%, or Rs 85.75 per share.

However, Divi's Labs Raised to 'Buy' at Phillip Capital on Monday. Analysts continue to be positive about the company at most brokerages. 

The company, December 7 had informed BSE that the Company's Unit-II at Visakhapatnam, Andhra Pradesh has had an inspection by the US-FDA from November 29, 2016 to December 06, 2016. "The Company have been issued a form 483 with 5 observations and these shall be responded within the time permitted," it had said. 

Research firm Emkay in it report said and was quoted by a TV Channel stating that 'proper control not being exercised over computer system,' 'facility equipments not maintained to ensure purity quality strength' and 'documentation and records not maintained or inaccurate falsified."

The company said that it had already intimated Stock Exchanges on December 7, 2016 that US FDA had inspected its plant from November 29 to December 6, 2016. "We have been issued a form 483 with 5 onbservations and these shall be responded within the time permitted," Divi's Lab said. 

Shares of the company fell 22% on Friday and 10% on Monday erasing nearly one-third of its value in two trading sessions. 

On Friday, the stock closed at Rs 866.10 which was its lowest level since May 2015. It is currently trading at Rs 771 per share, down 10% on BSE. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Divis LabDivis LaboratoryUS FDAUSFDAPharmapharmaceuticalStock FallDivi stock priceDivis Stock PriceDivis Share Price
RELATED NEWS
Divis Laboratories share price: Ashis Biswas of CapitalVia puts Target Price at Rs 3980 Divis Laboratories share price: Ashis Biswas of CapitalVia puts Target Price at Rs 3980
Divis Laboratories share price: Ashis Biswas of CapitalVia puts Target Price at Rs 3770; Sharekhan says THIS about the pharma stock Divis Laboratories share price: Ashis Biswas of CapitalVia puts Target Price at Rs 3770; Sharekhan says THIS about the pharma stock
Divi's Laboratories: Sharekhan reiterates Buy recommendation with price target of Rs 4500 Divi's Laboratories: Sharekhan reiterates Buy recommendation with price target of Rs 4500
Divi’s Laboratories share price: Fundamental and Technicals explained Divi’s Laboratories share price: Fundamental and Technicals explained
Divi's Laboratories share price: Motilal Oswal raises target price of Rs 4530 Divi's Laboratories share price: Motilal Oswal raises target price of Rs 4530

LATEST NEWS

Stock Market Outlook: Anil Singhvi reveals Nifty, Bank Nifty support range; says global markets, Q4 results to drive street

Cipla shares hit new high; Sharekhan pegs target at Rs 1100 as Pharma giant doubles Remdesivir production

SBI three-fold strategy for PPF, small saving schemes: Income tax rebate, Interest rates on deposits and more

GOOD NEWS! Modi Govt slashes Remdesivir MRP by half, with retro-effect—This is how much it will cost you now

PM Modi urges to keep Kumbh participation symbolic amid COVID crisis

Vivek, Tamil actor and comedian, passes away at 59 in Chennai hospital

Rajini, Kamal, Mohanlal and many others mourn Vivek's demise

Ten states/UTs account for 79.32 pc of new COVID-19 cases: Health ministry

IBPS admit card 2021 released—here is how you can download it from official website ibps.in

iPhone game for kids secretly turns into casino

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved