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LAW SUIT
Posted by :
sodhanmutual funds are not owning this stock.i bought it today at 106 because it is defensive sector and exit will be easy atleast around 120 level.high beta stocks are falling with velocity so atleast it will not give shock....
LAW SUIT
Posted by :
Cool BullStock`s movement depends upon several factors. I am not in a position to predict that. However, I can confidently say that at the current price Natco Pharma is available at cheap valuation. The company had bought back shares at maximum price of Rs.145/- about a few years back. The company has real estate assets. Also the company is focussing on research driven growth. The company is able to tie up with names like Dr. Reddys and Mylan.Hence at Es. 112 i consider it cheap. However, in stock market you cannot be always sure when the value will be realised, it depends upon lot of factors,on which one does not have any control. Hence one has to take calculated risk....
LAW SUIT
Posted by : rk2009
It seems the Natco is in turbulent times. A article appearing in google search that
Teva, an Israeli generic pharmaceutical company, has filed a lawsuit against Mylan Pharmaceuticals, Mylan Inc and Natco Pharma for patent infringement of Copaxone in the US District Court of New York.stay away for some time.
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Will this ahead or ?
Posted by :
stock_checkcan this move or decline?...
BSE Announcements on Natco Pharma
Posted by : MMB MessengerNatco Pharma Ltd has informed BSE regarding a Press Release dated October 29, 2009 titled "NATCO records increase in revenues, profits"....
BSE Announcements on Natco Pharma
Posted by : MMB MessengerNatco Pharma Ltd has informed BSE about the Financial Results for the Quarter ended September 30, 2009....
NSE Announcements on Natco Pharma
Posted by : MMB MessengerNatco Pharma Limited has informed the Exchange regarding a press note dated October 29, 2009, titled "NATCO records increase in revenues, profits". A copy of the note release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
sudden upsurge
Posted by : Fin_GuruStrong Financial position is good thing about this stock plus good top-line growth. ...
sudden upsurge
Posted by : rk2009unless there is agood strong news we can take it for granted an attempt to create artificial up thrust .. be careful if you are entering now...
sudden upsurge
Posted by : rk2009can any body share why sudden upsurge on the day sensex falling.. any good news quite amazing...
GOOD COMPANY LIKE DR REDDYS
Posted by : Cool Bull
Immediately after the newspaper article was published in ET, Natco gave explanation on Stock Exchanges alleging that,news is engineered by its rivals. I was analysing earlier article which is reproduced here under for Boarders` peusal. The article mentions tie up with Dr.Reddys. If Dr.reddys has tied up it speaks volumes about Natco`s capability and now I tend to agree with Natco`s version in this matter. Hence I have decided to hold and add once controversy is over.
Business Line article about the recall of drug in July-09 reproduced as it is:
"Hyderabad, July 18 Natco Pharma Ltd has recalled its breast cancer drug Albupax following an order from the Drug Controller General of India (DCGI), which said that the drug might cause damage to liver.
The Hyderabad-based company has stopped the production, distribution and marketing of the drug and is in the process of recalling stocks, a company spokesperson told Business Line.
“The product has passed all quality tests. However, on DCGI’s instructions, we have stopped marketing the product in the interim.
“We are taking immediate steps to investigate the issue,” he said.
Testing procedures
The testing procedures for the drug should also be looked into as Albupax was nanotechnology-based products.
“The testing procedures for this drug are quite complex,” he added.
Natco is currently engaged in a legal dispute on patent of Albupax with its original innovator, American Biosciences and is awaiting judgment.
It had launched the product in the domestic market in September 2008, at Rs 11,000 a tablet and recently tied up with Dr Reddy’s Laboratories for marketing the drug in the US.
The recall would not impact the company’s revenue as they were insignificant, he said.
He added that, “We just have 15 patients in the country who are using the drug.”"
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GOOD COMPANY LIKE DR REDDYS
Posted by : Guesti think that now it is time to exit as chances for a flight upwards are remote as no good news is coming. if crimnal case is lodged it may not reach even165 leave thinking of 215.so no chances for an upmove rightnow...
GOOD COMPANY LIKE DR REDDYS
Posted by : rk2009
it seems got good support at current level
let the dust settle down regarding the drug side effect scam. if futher bad news comes it will again go down..play safe...
