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Ranbaxy Laboratories
what is the future of ranbaxy?
Posted by :
GuestTracked by: 0 Boarder
what should i do in ranbaxy i bought 3000 share at 350.
hold or sell?
...
US likely to withdraw motion against Ranb
Posted by :
steadyinvestorTracked by: 0 Boarder
US likely to withdraw motion against Ranbaxy ...
Normally I do not post copies of articles that are printed on other sites .. but this is too important to be ignored and therefore am reproducing this article ... for those who want to read it .. pls visit the online Economictimes dot com and then click on news by industry and then click on Healthcare section and then click on this article that is posted today.
I expect huge upside now and this time I hope the Sardarji really fixes the Ranbaxy problems and his credibility for good.
NEW DELHI: In what should bring some relief to Ranbaxy, the US Department of Justice (DoJ) may withdraw the motion against the company next week in a local court in the US.
The DoJ had filed the motion in the district court of Maryland in July to access data and documents which, it claimed, Ranbaxy and its legal consultancy firm Parexel were not disclosing. In its submission on Monday, DoJ said the legal consultancy firm hired by Ranbaxy has produced nearly five lakh documents so far and Ranbaxy intends to share the remaining documents which the US government has sought. “The government seeks an additional week to review the recent production (of documents) until October 6. Upon confirmation that the production is complete, the government will withdraw the motion,” the DoJ told the Maryland Court on Monday.
While the withdrawal of the motion may close legal proceedings against India’s largest drugmaker, it will not mean the end of Ranbaxy’s troubles in the US. The USFDA has recently banned imports of 30 drugs into the US, which are manufactured at the company’s two plants in India. The company and its executives are being investigated for document fraud and manufacturing sub-standard drugs. As if this was not enough, a US Congressional Committee has pulled up the FDA for being lax in investigating Ranbaxy. In addition, the US government has stopped sourcing three HIV drugs for its anti-AIDS drugs programme for Africa and other developing countries.
This series of setbacks has resulted in Ranbaxy’s shares tanking to Rs 251.70 at the Bombay Stock Exchange. On June 11, the company’s shares were trading at Rs 560. Incidentally, this was also the day that Daiichi Sankyo of Japan agreed to acquire the company at Rs 737 per share.
After the DoJ moved court on July 3, Ranbaxy agreed to share the documents, something that the company had earlier allegedly refused. The DoJ had said that it will withdraw the motion upon ‘full and complete production of Parexel documents’. The court gave the DoJ 60 days abeyance which ended on Wednesday.
“Since the motion to enforce was filed, counsel for Parexel has produced nearly 5,00,000 pages of electronic documents, including 1,50,000 electronic pages on September 26. For the past two months, counsel for the government and Parexel have conferred regularly about the production,” the DoJ said.
The US government has been unable to examine the 1,50,000 pages which were produced on Friday. Additionally, images of some papers are of poor quality, and in some instances, illegible. Both the company and the DoJ expects to resolve these issues soon. Ranbaxy has assured the government counsel that it intends to comply fully with the subpoena and the production to date has been substantial. ...
Looking good for upmove . . . .
Posted by : hardybullTracked by: 1 Boarder
. . . . . Monday upmove should see this sitting past 268-275 levels . . . . this is being kept down purposely for huge accumulations as figures indicate. Pharma leader with tentacles internationally, this winner is faar underpriced at CMP . . . this is a MUST BUY at these levels for a comfortable cruise past the 400+ mark sooner than the US economy bail out pack plays out! :-) ...
In reply to:
Looking good for upmove . . . .
Posted by :
invest2
Yes, this should cross 275 today itself and 320 by coming Monday 
Ranbaxy any hope left???????
Posted by : vkk43Tracked by: 1 Boarder
It will take sometime to recover as it has been beaten down badly....
In reply to:
Ranbaxy any hope left???????
Posted by : Guest
It is moving at snails pace, the futures side shows still fresh shorts on this counter, market recovered from 3800 to 4000 levels and ranbaxy is moving in range of 250-260, after loosing more than 50%,God knows how this is going to pan out.
Ranbaxy promoters made us a fool
Posted by : GuestTracked by: 0 Boarder
Indian promoters sold of there stake at 765,and suddenly almost every country banned ranbaxy, promoters knew this was coming and sold of everything.Indian govt is sleeping, no word coming from Ranbaxy now, but before deal he used to come on CNBC and clarify, now the small investors are suffering, Indian govt sleeping, company do all type of bad deals and then run off...ridiculus company NEVER NEVER NEVER BUY. ...
Return of Money by Karvy
Posted by : 2newsTracked by: 0 Boarder
Same here , they hv kept up to 46% of shares and hv not paid us a dime.what about direct deposit has any one got the money, i hv heard that they hv to pay us along with intrest or is it possible for them to return the shares and buy it in open market noe that the price has droped...
In reply to:
Return of Money by Karvy
Posted by : g10now
I spoke to Karvy in the morning and they say that it might take 8-10 days more before they start dispatching the chqs for shares which have been bought during the buy back offer. The reason for delay (the earlier proposed date was 19th September) is because of lack of FIPB approval to acquirers. Is it possible for an acquirer to call for shares from so many retail investors without proper regulatory approvals and delay the payments....
Return of Money by Karvy
Posted by : 2newsTracked by: 0 Boarder
Same here , they hv kept up to 46% of shares and hv not paid us a dime.what about direct deposit has any one got the money, i hv heard that they hv to pay us along with intrest or is it possible for them to return the shares and buy it in open market noe that the price has droped...
In reply to:
Return of Money by Karvy
Posted by : g10now
I spoke to Karvy in the morning and they say that it might take 8-10 days more before they start dispatching the chqs for shares which have been bought during the buy back offer. The reason for delay (the earlier proposed date was 19th September) is because of lack of FIPB approval to acquirers. Is it possible for an acquirer to call for shares from so many retail investors without proper regulatory approvals and delay the payments....
buy buy buy...
Posted by : GuestTracked by: 0 Boarder
buy ranbaxy at this level friends....
deal with japanies company is almost done...
share will bounce back at 375-400 all of sudden...
so dont lose opportunity...
...
Best Buy at this rate
Posted by : anitasingla1Tracked by: 0 Boarder
mr. mksharma,
since when u have invested in ranbaxy & petronet ? wats the future of petronet?will it go above 70/- ...
In reply to:
Best Buy at this rate
Posted by : mksharma11
Buy Ranbaxy at this rate it will to 400 to 450 very soon once the medicine despuits r resolved, Daiichi has purchased @ 737/- , he is not fool to buy at this rate ,he has seen the networth of the co. and good future potencial. It is best time to buy .....mks
Ranbaxy any hope left???????
Posted by : GuestTracked by: 1 Boarder
It is moving at snails pace, the futures side shows still fresh shorts on this counter, market recovered from 3800 to 4000 levels and ranbaxy is moving in range of 250-260, after loosing more than 50%,God knows how this is going to pan out....
In reply to:
Ranbaxy any hope left???????
Posted by : vkk43
Today at least the share has recovered.
Ranbaxy any hope left???????
Posted by : vkk43Tracked by: 1 Boarder
Today at least the share has recovered....
In reply to:
Ranbaxy any hope left???????
Posted by : JustJus
Ranbaxy has very strong fundamentals and the share price would definately be back to around 380-400 levels soon, if the global markets have a positive direction.
Return of Money by Karvy
Posted by : g10nowTracked by: 0 Boarder
I spoke to Karvy in the morning and they say that it might take 8-10 days more before they start dispatching the chqs for shares which have been bought during the buy back offer. The reason for delay (the earlier proposed date was 19th September) is because of lack of FIPB approval to acquirers. Is it possible for an acquirer to call for shares from so many retail investors without proper regulatory approvals and delay the payments.......
Looking good for upmove . . . .
Posted by : invest2Tracked by: 1 Boarder
Yes, this should cross 275 today itself and 320 by coming Monday...
In reply to:
Looking good for upmove . . . .
Posted by :
300567
THIS WILL BE AN OUTPERFORMER IN COMING DAYS .
Looking good for upmove . . . .
Posted by : 300567Tracked by: 1 Boarder
THIS WILL BE AN OUTPERFORMER IN COMING DAYS ....
In reply to:
Looking good for upmove . . . .
Posted by : Guest
Iam having 3000 shares bought last tuesday at 325.00 per share. what should I do now.Kindly advise.
Srikanth
Chennai
Looking good for upmove . . . .
Posted by : GuestTracked by: 1 Boarder
yes, it should be on upside today onwards, Hope to tocuh 300+ in 3/4 trading sessions....
In reply to:
Looking good for upmove . . . .
Posted by : hardybull
bullish9000, tension lene ka nae . . . this scrip is not going down any further . . only climbs seen from here onwards!! Good point to stock up . . . Have fun!! :-)
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