Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

SMS Lifesciences India Ltd sees temporary slow-down in sales of Ranitidine

Posted On: 2019-10-11 08:25:17

SMS Lifesciences India Limited (Security Code: 540679, Symbol: SMSLIFE) has announced that it has carried out a preliminary analysis of Ranitidine product and processes and found that the NDMA impurity is in trace levels, in many cases lower than the levels found in commonly consumed food, milk, meat etc. While it continues to investigate the root cause and establish controls to ensure the product safety and stability. It is awaiting further directives from Central Drugs Standard Control Organization (CDSCO), regulatory agency to review and establish acceptable limits for NDMA (N-Nitrosodimethylamine) impurity in Ranitidine.

As regulatory guidance is awaited for limits of NDMA, the company sees a temporary slow-down in sales of Ranitidine which is one of the major contributor of revenues. The company anticipates business as usual in future as it is confident of providing a safe and stable Ranitidine product to all its customers, with NDMA impurity well within acceptable limits set by the Drug regulator, authorities.

Shares of SMS Lifesciences India Ltd was last trading in BSE at Rs.286.1 as compared to the previous close of Rs. 298.8. The total number of shares traded during the day was 407 in over 27 trades.

The stock hit an intraday high of Rs. 300 and intraday low of 285.7. The net turnover during the day was Rs. 118630.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

NATCO Pharma Ltd consolidated Q2 net profit falls to Rs. 119 crores

Electrosteel Castings Ltd posts Q2 consolidated PAT of Rs. 25.68 crores

Varroc Engineering Ltd Q2 PAT plunges

Vinati Organics Ltd reports PAT of Rs. 110.01 crores in Q2

Future Market Networks Ltd posts consolidated PAT of Rs. 21.56 crores in Q2

Info Edge (India) Limited announces Q2 FY20 results

Sundaram Finance Q2 Net Profit at Rs. 269crores

U GRO Capital Ltd announces Q2, H1 FY20 results

Welspun Corp Ltd bags contracts for supply of 147 KMT of pipes

Polyplex Corporation Ltd's arm commissions PET Film Plant in Indonesia

J. B. Chemicals & Pharmaceuticals Ltd. board approves buyback at Rs. 440

Info Edge (India) Ltd Board declares Interim Dividend of Rs. 2.50 for 2019-20

Vidhi Specialty Food Ingredients Ltd board declares 2nd interim dividend of Rs. 0.20

Adani Gas Ltd consolidated Q2 PAT up at Rs. 120.06 crores

Cords Cable Industries Ltd posts PAT of Rs. 2.22 crores in Q2 FY20

YUKEN India Ltd consolidated net profit falls in Q2

Marksans Pharma Ltd consolidated Q2 net profit at Rs. crores

Godawari Power & Ispat Ltd consolidated Q2 PAT drops to Rs. 49.39 crores

Bayer Cropscience Ltd reports net profit of Rs. 169.8 crores in Q2

Rossell India Ltd Q2 net profit surges to Rs. 28.17 crores

Ram Ratna Wires Ltd Q2 consolidated PAT soars to Rs. 7.10 crores

Kamat Hotels India Ltd consolidated net profit at Rs. 2.44 crores in Q2

AIA Engineering Ltd Q2 consolidated PAT climbs to Rs. 151.99 crores

Rajapalayam Mills Ltd posts consolidated PAT of Rs. 29.96 crores in Q2

Vidhi Specialty Food Ingredients Ltd reports Q2 net profit of Rs. 8.50 crores

GP Petroleums Ltd posts PAT of Rs. 5.39 crores in Q2

ABBOTT India Ltd reports surge in Q2 PAT to Rs. 178.33 crores

Morganite Crucible India Ltd Q2 PAT lower at Rs. 2.67 crores

Mohit Paper Mills Ltd posts net profit of Rs. 0.60 crore in Q2

Vinyl Chemicals India Ltd Q2 net profit at Rs. 2.61 crores

Crest Ventures Ltd consolidated PAT at Rs. 14.88 crores in Q2 FY20

Venky's India Ltd Q2 PAT up YoY at Rs. 13.59 crores

Q2 consolidated PAT of Polyspin Exports Ltd up QoQ

Lokesh Machines Ltd posts Rs. 0.73 crore net profit in Q2 FY20

Polymechplast Machines Ltd Q2 net profit at Rs. 0.31 crore

Empire Industries Ltd posts net profit of Rs. 8.15 crores in Q2

Daikaffil Chemicals India Ltd Q2 net profit at Rs. 0.09 crore

Bombay Cycle & Motor Agency Ltd posts PAT of Rs. 0.75 crore in Q2

Sundaram Finance Ltd reports consolidated Q2 PAT rises to Rs. 187.08 crores

The Phoenix Mills Limited delivers strong operational performance for H1FY20

Metropolis Healthcare announces H1FY20 results

Mirchi revenues fall 7%, Solutions grow 33.9%

Tamilnadu Petroproducts Ltd continues impressive performance in Q2 FY20

Maithan Alloys Ltd updates on auction of Impex Metal & Ferro Alloys Ltd

HGS announces Q2 earnings for FY2020

ATUL Auto Ltd declares interim dividend of Rs. 1.50 for 2019-20

ADF Foods Ltd board declares interim dividend of Rs. 1.50 for 2019-20

Sandur Manganese & Iron Ores Ltd Board approves Dividend for 2019-20

Balmer Lawrie & Company Ltd board recommends 1:2 bonus issue

Shares of Apollo Pipes list on NSE







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019