Wednesday, 21 February 2018

Media reports suggests that Aurobindo Pharma has received USFDA approval for gTreximet. The orange book search indicates that approval was given on February 15, 2018. Treximet tablet (Naproxen Sodium; Sumatriptan Succinate) is made by Pernix.The drug originally belongs to GSK Pharma, who has sold the US rights of this drug to Pernix. Pernix has agreed to pay GSK $250 million upfront for the US rights as well as $17 million additional payments on approval of the drug in US for paediatric use. Treximet is used to treat acute migraine headaches with or without aura in patients, 12 years of age and older.

CapitalStars Award Winning , SEBI registered , ISO certified investment advisory company. We provide intraday & positional services in Equity , derivative ,commodity & currency. Our research is highly skilled & experienced .


Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Tuesday, 20 February 2018

JSW Energy Limited entered into a Memorandum of Understanding (MoU) with the Government of Maharashtra for setting up facilities for manufacturing of electric vehicles (EVs) and energy storage systems. In September 2017, JSW Energy had inked MoU with Government of Gujarat for setting up a facility in Surendranagar district for making EVs. The company has committed Rs4, 000cr for the Gujarat plant. Financial commitment for its investment in Maharashtra is yet to be revealed. JSW Energy plans to launch its EV in the next three-four years and is looking at potential OEM partners for it. JSW Energy, an integrated power company, generates and sells power in India. The company operates 4,531 MW of power generation facilities as of FY17. Its Vijayanagar and Ratnagiri plant have capacity of 860 MW and 1,200 MW, respectively and utilize imported thermal coal. JSW Energy generated 12,517mn units in 1HFY18. 

CapitalStars Award Winning , SEBI registered , ISO certified investment advisory company. We provide intraday & positional services in Equity , derivative ,commodity & currency. Our research is highly skilled & experienced .


Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Monday, 19 February 2018

Shares of Punjab National Bank hit over a 1-year low and extended their fall for a fourth straight session following the ~Rs11,600cr fraud at one its Mumbai branches.UCO Bank, in its filing on BSE, reported an exposure of ~Rs2, 633cr in the Punjab National Bank fraud case. UCO Bank’s Hong Kong branch has been negotiating export documents against letters of credit issued through authenticated SWIFT messaging by Punjab National Bank.

CapitalStars Award Winning , SEBI registered , ISO certified investment advisory company. We provide intraday & positional services in Equity , derivative ,commodity & currency. Our research is highly skilled & experienced .


Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Thursday, 15 February 2018

The construction arm of Larsen & Toubro Ltd has won orders worth Rs1, 585cr across the following business segments:Transportation Infrastructure business has won an order worth Rs513cr. The business has bagged a new order from the National Highways Authority of India (NHAI) for the four laning of the highway in the Aurangabad to Karodi section of NH-211 (New NH No 52) in Maharashtra on engineering, procurement and construction (EPC) mode.Power Transmission and Distribution Business has won orders worth Rs500cr. The business has secured an order for constructing 220kV & 110kV Transmission Lines in Kochi, Kerala.

CapitalStars Award Winning , SEBI registered , ISO certified investment advisory company. We provide intraday & positional services in Equity , derivative ,commodity & currency. Our research is highly skilled & experienced .


Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Wednesday, 14 February 2018

Punjab National Bank extended its losses and tanked more than 9% as investors fear the bank may have to take a one-time write-off for the $1,771.69mn (~Rs11,378.68cr) fraud in Q4FY18.The market capitalization of the bank as on February 12, 2018, was Rs39, 209.62cr. The fraud transaction is close to one-third of the market cap of the bank.The banking secretary commented that the government may order a forensic audit of PNB's accounts, as per the media reports. Also, the bank’s ten employees have been suspended and that CBI has started its investigation in the case.

CapitalStars Award Winning , SEBI registered , ISO certified investment advisory company. We provide intraday & positional services in Equity , derivative ,commodity & currency. Our research is highly skilled & experienced .


Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Monday, 12 February 2018

Lupin has launched generic of Tamiflu Capsules, 30 mg, 45 mg, and 75 mg in the US market. The drug was approved on January 9, 2018, and the company has immediately launched it in the US market.Tamiflu (Oseltamivir Phosphate) is a Hoffman-La Roche, Inc’s drug which had annual sales of approximately USD 467.8 million in the US as per IMS data in October 2017.Oseltamivir Phosphate Capsules USP, 30 mg, 45 mg, and 75 mg had annual sales of approximately USD 467.8 million in the US. (IMS MAT October 2017).While this news is positive for Lupin, it is also negative for Natco Pharma and Cadila Healthcare who already have their gTamiflu version in the US market.

CapitalStars Award Winning , SEBI registered , ISO certified investment advisory company. We provide intraday & positional services in Equity , derivative ,commodity & currency. Our research is highly skilled & experienced .


Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Friday, 9 February 2018

India’s largest tractor manufacturer, Mahindra and Mahindra Limited (M&M), sold 22% stake in Joint Venture (JV) Mahindra Sanyo Special Steel Private Limited (MSSSPL) to JV partner Sanyo Special Steel Company Limited (Sanyo) for Rs146.32cr. This was announced by M&M to stock exchanges on February 9, 2018.As per its FY17 Annual Report, M&M owns 51% stake in MSSSPL, while Sanyo, Japan and Mitsui and Company Limited, Japan, own 29% and 20% respectively. MSSSPL is a manufacturer of Carbon, Alloy & Tool Die Steels.

CapitalStars Award Winning , SEBI registered , ISO certified investment advisory company. We provide intraday & positional services in Equity , derivative ,commodity & currency. Our research is highly skilled & experienced .


Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

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