Business India

Sensex Updates: Biocon Share surges 4% on clean chit From USFDA, Cement stocks fall on BSE

Sensex Updates: Biocon Share surges 4% on clean chit From USFDA, Cement stocks fall on BSE
Written by Ashish Sharma

India’s leading Indices Sensex and Nifty open lower on Monday. Sensex Drops 39 points to 33303 while nifty dips 17 points to 10265 at 12:33 IST.Top gainers on BSE are GATI which jumped 7.85 percent to 141.55, followed by Polaris 6.12 percent gain to 378.60 and BIOCON 4.22 percent gain to 611 at 10:49 IST.Top Losers on the board are SHREECEM followed by JKLASHMI and INDIACEM.BIOCON is the top trending stock on BSE. The Biocon share price surged to 4.22 percent after the company gets clean chit from U.S FDA

On Monday leading Pharma company, Biocon gets a clean chit from U.S Food and Drugs Administration(FDA) in relation to the cGMP inspection of its aseptic drug that was audited between 25 May to 3 June this year. In the Inspection Report(EIR), the FDA has classified the outcome of this inspection as voluntary action indicated and the EIR states that the inspection is closed.

Top picks of the day: Buy PNB for Target of 210 and Maintain Stop loss of 180 hold for a month.BUY BIOCON for Target of 430 and Maintain Stop loss of 396, hold it for 1-2 Weeks.Hold Adanitrans for Target of 230 and Maintain Stop loss of 190, hold it for 1 Week. Hold Hathway for a target of 45 and Keep stop-loss of 26. Buy Yes Bank for the Target of 350 and SL-295.Hold Suzlon for a target of 19 and Keep stop-loss of 9.

About the author

Ashish Sharma

Ashish is a techie who is a finance and stocks hobbyist. He loves to contribute and create awareness by writing on business and finance

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