Cipla manufactures the generic version of Tamiflu and can legally sell in India since the patent office in Delhi has rejected Roche’s application in this regard. It is interesting to note that Roche has the marketing rights of Tamiflu.
Sensex is nearing an important sensex support level of 13480. Investors should remain cautious. If this important support of sensex is broken, sensex could then trade in a wide range of 1000 points.
Minimum 25% public shareholding in listed stocks would mean that disinvestment becomes imminent in PSU stocks like NTPC, MMTC, IOC and others already listed on the bourses. Companies like Wipro and DLF would also have to dilute because of the minimum 25% public shareholding announcement
The stock of Reliance Industries is depicting the true effect of the budget on the company. In 2 days, the stock has fallen more than 8% on account some MAT and tax exemption holiday announcements not going in its favor.
MArkets to fall further after Monday’s record decline on the budget day. FIIs and profit booking could take away the shine off the markets
PSU stocks fell heavily yesterday in the absence of any clear cut announcements by the Finance minister in the Union Budget .The build up of expectations was so high that the PSU index sank by over 450 points to close at 7773.24
Ketan Parekh seems to be active in certain stocks, trea with caution
