/ Sun Pharma Up Nearly 4% As Import Alert On Punjab plant Lifted ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 14 March 2017

Markets are gaining in trade, where the BSE Sensex is in green up by 531 points or 1.8% at 29487 levels in post lunch hours; and Nifty is also gaining in trade, up by 157 points or 1.7% at 9094 levels.

The stock has corrected from its steep climb of 6%, and is currently trading up by nearly 4% or Rs 26 as US Food & Drug Administration has announced that it will lift the import alert on the Mohali (Punjab) plant and relieve the facility from the Official Action Initiated (OAI)

The proposed action will help Sun Pharma to supply approved products to the US market. The plant was under US FDA import alert since 2013.  

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